Save for repairs

Repairs are inevitable so make financial plans now. This will help prevent delays to repairs - and delayed repairs are always more expensive. Costs rise, damage spreads and your building gets older. So plan ahead.

Ideally, owners as a group will save together in a Building Reserve Fund.  If not, you can also have a joint maintenance account.

If you can't work as a group consider saving individually, even just a few pounds a week.  And if you save with a credit union, you will find it easier to get a loan to pay for the part of the repair for which you haven't got enough savings.