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What if I don’t pay?

In the event that you do not pay your service charges and accrue arrears, we reserve the right to take the following action:

  • Directly approach your lender for settlement of the outstanding amount. Please note, this may be added to your mortgage, and your provider may pass lender charges directly onto you.
  • Apply to the County Court for judgment to be entered into. This could affect your credit rating and ability to raise future credit. Should the judgment be enforced, this could result in County or High Court Bailiff action, an attachment of earnings order being placed on your bank account, a charging order being placed on your property, or bankruptcy/insolvency proceedings taken
    against you.

If you accrue arrears on your account in excess of £350 or any of the unpaid amount has been outstanding for more than three years, we reserve the right to apply for forfeiture of your lease (Commonhold and Leasehold Reform Act 2002). This is the right to reclaim your property and if exercised you will receive no payment in return.

Financial Hardship

In the event that you are experiencing financial difficulty, please contact the Commercial Housing Team on 00300 365 1111or email commercialhousing@ovh.org.uk.

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