How is my contribution toward major works calculated?

To work out your share of the repairs, we divide the gross value of your home by the gross value of your block. We then multiply this by the total cost of the major work.

More about how your contribution is calculated

We currently use the gross value (GV) of your home as a proportion of the total gross value for your block.

The GV was set by a District Valuer and is similar to rateable value.

Here’s an example of how we could calculate your share of the cost of say replacing the roof to your block:

• cost of new roof £128,000
• administration costs and professional fees £19,200
• total cost of the new roof £147,200
• gross value of your home £330
• total gross value of your block £33,000

To work out your share of the repairs, we divide the value of your home by the value of your block. We multiply this by the total cost of the work.

330 ÷ 33,000 = 0.01

Then: 0.01 x 147,200 = 1472

so you pay: £1,472.00

This is only an example and the amount you pay towards a repair or improvement depends on three things:

• The cost of works – it is generally cheaper if part of a larger contract rather than a one-off job.
• The size of your block - depending on the cost of works, the smaller the numbers in a block, the higher your contribution would be.
• The size of your home - the larger your flat, the more you will have to pay.