UK Security for Expenses Scheme

Fees

There is no fee.

Not to the building owner, not to the adjoining owner, not to the surveyors. No opening fee, no monthly charge, and no percentage of the security sum.

  • £0.00

    To open

    No set-up charge, whatever the sum or the complexity of the award.

  • £0.00

    To hold

    No monthly or annual charge, however long the works run.

  • 0%

    Of the security

    No percentage. A £250,000 security costs the same as a £5,000 one.

What is not charged for

  • Opening and holding the account
  • Reading and verifying the award
  • Making the release payments
  • The surveyor directory listing

Balances do not earn interest for either owner.