Tony Hymers’ Post

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Head of Management

TPI Service charge index - I took a read of this and was really none the wiser! What is the point in comparing data the regions and the capital and then averaging them? All it gives you is statistical data and not really an insight. Further expenditure across 105 estates have been avaeraged to say; the average man fee in 2024 is £35,020, but what size is the block? What we could have heard is; this is the cost in X location for; large complex, medium high end, small and none complex. The data just makes the position more confusing and suggests to leaseholders that costs are rising well above inflation, but really due to insurance and utilities which have been driven by wholesale prices. I am hugely supportive of ARMA/TPI but this looks like an own goal ! #TPI

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