Savills relinquish responsibility for the management of Islington Gates on 5 April 2020. We will be receiving a communication from our new Managing Agents (Wolfs) shortly. This will include details of how and when Service Charge Invoices should be paid.
Many Leaseholders are concerned about the conditions around and caveats needed to protect their interests. A pro forma letter has been developed which you are free to use as is, or amended to meet your requirements.
It would be helpful to the management of the cladding issues if you could pay the amount requested in the Service Charge Invoice. Or, if not yet possible, please pay the smaller ‘ordinary’ Service Charge amount show to Wolfs ASAP, as an interim payment. We must stress that payment of the full amount invoiced is necessary to remove the long term fire safety issues at Islington Gates and restore full value to our properties. We will, however be seeking Government help from the expanded Cladding Fund, which, if granted, is likely to result in at least some re-payments to all residential leaseholders.
Any Service Charge payment already made to Savills will be transferred to Wolfs as the new managing agent.