All you need to know - Riverstone Kensington - Flipbook - Page 25
23
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%
We set out below how Deferred Fees are calculated depending which option you choose
under our “Value in Choice” o昀昀ering
The worked examples below are for an apartment at Riverstone Kensington with a sale price
of £2,400,000. 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 = £288,000 (£2,400,000 x 12% (3yrs x 4%))
Option 2: Deferred Fee = £432,000 (£2,400,000 x 18% (3yrs x 6%))
Option 3: Deferred Fee = £504,000 (£2,400,000 x 21% (3yrs x 7%))
• If sold after 6 years:
Option 1: Deferred Fee = £576,000 (£2,400,000 x 24% (6yrs x 4%))
Option 2: Deferred Fee = £720,000 (£2,400,000 x 30% (5 x 6%)) - cap applied at end of Yr5
Option 3: Deferred Fee = £840,000 (£2,400,000 x 35% (5 x 7%)) - cap applied at end of Yr5
• If sold after 9 years:
Option 1: Deferred Fee = £672,000 (£2,400,000 x 28% (7 x 4%)) - cap applied at end of Yr7
Option 2: Deferred Fee = £720,000 (£2,400,000 x 30% (5 x 6%)) - cap applied at end of Yr5
Option 3: Deferred Fee = £840,000 (£2,400,000 x 35% (5 x 7%)) - cap applied at end of Yr5
