Accounts & Payments

Issuing of Accounts
Factoring invoices will be issued either yearly in April, or six monthly in April & October.  Invoices will include:-  a management fee, share of any common repairs, planned maintenance, service charges and any private repairs and insurance premium. Milnbank Property Services Ltd is now VAT registered with HM Revenue and Customs in order to meet the terms of VAT legislation.

A flat fee of £50 will be charged to lending authorities requesting copies of key documents in relation to renovation works.

Payment Methods
Milnbank Property Services offers the following methods of payment of factoring accounts:

DIRECT DEBIT - Direct Debit Mandate.  If you wish to pay by this method please contact the Property Management team.

STANDING ORDER - Standing Order Mandate. If you wish to pay by this method please contact the Property Management team.

ALLPAY PAYMENT CARD - Payment by this method can be made at any outlet displaying the "Paypoint & Payzone" sign and also any Post office.  Should you require a payment card please contact the office.

CARD PAYMENT - Payment by debit/credit card can be made over the phone or in the office.

CHIP & PIN FACILITY - Available at the office.


Alternatively should you wish to pay your account by post, please make your  Cheque or Postal Order payable to Milnbank Property Services Ltd.

Should you have any queries regarding payment of your account, please contact the Property Management Team.

Owners should remember that Milnbank Property Services Ltd have already paid the building insurance premium and contractors up front so prompt payment of your account is necessary for the service to continue.