All you need to know - Riverstone Kensington - Flipbook - Page 10
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Buying your apartment
Property price
Please see the Riverstone price lists which our client advisors
can provide
Reservation Fee
£5,000. If the sale does not go ahead, we will refund the
Reservation Fee. However, we will take o昀昀 an amount to cover our
reasonable costs and expenses which we incurred progressing the
sale. This might be up to the full value of the Reservation Fee
Deposit
10% of the agreed price paid on exchange of contracts
Solicitor fees
To be agreed with your own solicitor
Stamp Duty
Payable according to current rates: see https://www.gov.uk/
stamp-duty-land-tax/residential-property-rates
Mortgages
We allow mortgages up to a maximum amount of 60% of the
value of the property
Living in your apartment
Ongoing costs paid to Riverstone:
Membership Fee
- The Membership Fee for di昀昀erent sized apartments is set out below:
1 bed
2 bed
3 bed
£1,388 per month
£1,544 per month
£1,777 per month
- The Membership Fee increases each year on 1st January in line
with in昀氀ation but cannot increase more than 4% in any one
year. When you sell your apartment, we increase the
Membership Fee in line with in昀氀ation but without the 4% cap
- If more than 50% of residents vote to agree, Riverstone can
increase the Membership Fee. This is to cover the costs of
changing or adding to the services