Kings Road Park - All you need to know - Flipbook - Page 23
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We set out below how Deferred Fees are calculated depending on which option you
choose under our “Value in Choice” o昀昀ering:
End of year
Option 1
Option 2
Option 3
% charge
per year
Cumulative
% charge
% charge
per year
Cumulative
% charge
% charge
per year
Cumulative
% charge
1
4%
4%
6%
6%
7%
7%
2
4%
8%
6%
12%
7%
14%
3
4%
12%
6%
18%
7%
21%
4
4%
16%
6%
24%
7%
28%
5
4%
20%
6%
30%
7%
35%
6
4%
24%
0%
30%
0%
35%
7
4%
28%
0%
30%
0%
35%
8
0%
28%
0%
30%
0%
35%
9
0%
28%
0%
30%
0%
35%
The worked examples below are for an apartment at Riverstone King’s Road Park with a sale
price of £3,000,000. These show how the Deferred Fee will vary depending on how long you
own your apartment and the Deferred Fee Option you choose:
• If sold after 3 years:
Option 1: Deferred Fee = £360,000 (£3,000,000 x 12% (3yrs x 4%))
Option 2: Deferred Fee = £540,000 (£3,000,000 x 18% (3yrs x 6%))
Option 3: Deferred Fee = £630,000 (£3,000,000 x 21% (3yrs x 7%))
• If sold after 6 years:
Option 1: Deferred Fee = £720,000 (£3,000,000 x 24% (6yrs x 4%))
Option 2: Deferred Fee = £900,000 (£3,000,000 x 30% (5yrs x 6%)) - cap applied at end of Yr5
Option 3: Deferred Fee = £1,050,000 (£3,000,000 x 35% (5yrs x 7%)) - cap applied at end of Yr5
• If sold after 9 years:
Option 1: Deferred Fee = £840,000 (£3,000,000 x 28% (7yrs x 4%)) - cap applied at end of Yr7
Option 2: Deferred Fee = £900,000 (£3,000,000 x 30% (5yrs x 6%)) - cap applied at end of Yr5
Option 3: Deferred Fee = £1,050,000 (£3,000,000 x 35% (5yrs x 7%)) - cap applied at end of Yr5
