When you move into your new home at Beechwood Park, we want life to be as easy and stress-free as possible.
Our not-for-profit fee covers many of the basic living costs that we all need to pay, which means you don’t have to worry about unexpected bills.
Our monthly fee is designed to do just that, keeping you and your home safe, taking care of the many jobs that come with looking after a property and providing you with all the support, activities and amenities you need to live your life to the full.
Here's all you need to know about our fees at Beechwood Park...
Here's a breakdown of what your fee covers:
Heating your home
Your heating and hot water costs are included in your monthly fee, so you don’t have to worry about paying the bills.
24/7 on-site support
You and your loved ones will have the peace of mind that our friendly and caring on-site team will be there for you at any time of day or night if ever you need them.
Organised events & activities
You can look forward to a wide range of social and leisure activities each day, from yoga and Pilates, to wine tasting, cookery, gardening clubs, and much more. Please note, some activities or outings may incur a charge.
Keeping your community areas clean and well-maintained, including housekeeping and ensuring that your community grounds and gardens look attractive.
Comprehensive buildings insurance is covered by your fee, as standard.
If your home has a garden, lawn mowing is covered within your fee.
Your fee covers all on-site and off-site administration, managed and operated by Brio Retirement Living.
If you have your own car, or are expecting visitors, it's good to know that we provide ample free parking.
Shuttle bus service
Our regular shuttle bus service means you can plan your daily planned shopping trips and excursions, knowing you can leave and return on our private, community shuttle bus.
Including the communal lifts, CCTV, heating, hot water systems, fire alarms, call systems and communal lighting.
As a resident, you’ll enjoy the following exclusive benefits:
We understand that no two people are alike. We all have individual needs, wants, and requirements.
That’s why we offer a wide range of additional services that you can include for an additional cost as and when you need it. Plus, we regularly review your needs to make sure we deliver the right level of support for you.
Our optional services include:
Care and support
A range of flexible care and support services are available, tailored to your suit individual needs.
We can help to take care of everyday chores so that you can focus on enjoying your free time. Support is available to help with:
Home maintenance service
Our experienced tradesmen can carry out repairs and maintenance within your property, such as picture hanging, redecorating or odd jobs around the home.
A shopping/escort service is available for a member of staff to accompany you to appointments or on shopping trips.
Care can be provided by our trusted partner, registered by the Care Quality Commission in England, providing reassurance that you or your loved ones will be receiving consistent, professional and personal support.
Residents are entirely free to use other care providers if they wish.
We understand that you want to make sure that your money is well spent. That’s why we work hard to keep your fee as low as possible by calculating all of our costs on a not-for-profit basis. This means we can simply pass on the costs of providing the services you need without any extra mark up.
Our Slate & Grain brasserie and bar is also to the general public. While you enjoy discounted prices on all food and drink, non-residents pay full price, generating extra income which can then be used to offset our overall weekly costs and subsidise your fee.
How our fees compare
Why not take some time to look at your current living costs, together with the effort and expense required to run your home to see how it compares? With our monthly fee, we can take away these worries, so that you can live your retirement years to the full in our Beechwood Park community.
Fixed annual fees and fair increases
For added peace of mind and to allow you to accurately budget for the year ahead, our fees only ever increase once a year, on 1st April. Any increases will be based upon the previous December retail price index (RPI) percentage figure supplied by the ONS (Office for National Statistics).
In the event of a rise, we always give you at least a month’s notice of the RPI percentage increase for the following year. And to make sure we consistently deliver good value, we regularly consult homeowners about the services we offer.
Disclosure of interest
We do not have a financial interest in any other firm involved in running our retirement communities or receive any incentive or commission from third party suppliers relating to any of the services paid for by residents through the fee.
Deferred Management Fee
If you decide to sell your home, a Deferred Management Fee (DMF) of up to 15% of the property value will be payable. Please see section below for further information on this fee.
Disclaimer: We would always recommend that you seek independent financial advice before making any long-term financial decision.
If you decide to sell your home, an administration fee is payable on resale to cover our costs in processing sale documents, dealing with solicitors’ enquiries and signing documents. The fee may vary but will be at least £500 including VAT.
You must give us notice of your intention to sell your home, in accordance with your lease. We then have six months within which to decide to buy the property or to nominate a person or charity to do so.
If we decide not to buy back your property we have the right to market it for resale for a period of six months. A fee of 1% of the sale price achieved is payable for our estate agency services. After that you can engage external estate agents if the property remains unsold.
Deferred Management Fee
When you sell your home, a Deferred Management Fee (DMF) of up to 15% of the property value will be payable. This fee is calculated on a sliding scale depending on length of time you have owned your home prior to selling and is capped at 15%.
The sliding scale is as follows:
No unexpected bills
From time to time, it may be necessary to make major repairs to the lifts, roofing, windows, doors, driveways, paths, rainwater guttering or fencing. To ensure that you don’t have to worry about receiving any sudden unexpected bills, a sinking fund contribution is paid at point of resale.
This fund acts as a ‘homeowners reserve’ to help offset the cost of major repairs, replacements or improvements within the community. To make sure that this reserve is large enough to support the community’s future needs, we also regularly carry out professional surveys. This means you can rest assured that no additional payments will be due when major works are required.
You will contribute to the sinking fund and can do this monthly or when you resell the property. For rentals, the sinking fund contribution is included in your rental package (our Essentials Package).
Your contribution is calculated by multiplying the number of months of ownership by the monthly fee, which varies according to the property type and size, and increases each year on 1st April, in line with the Retail Price Index (RPI) figure for the previous December.
Our Essentials Package
For those opting to rent, our Essentials Package combines your rent and monthly fees in one simple monthly charge.
In addition to your Essentials Package, like those who choose to purchase their home, you can choose to add housekeeping, care and support and / or dining packages, to create the perfect all inclusive package for you. The choice is yours.
For further information on our not-for-profit fees, please speak to a member of our team on 07483 333850.
26 Nov 21
Places for People has been honoured with four awards at the UK’s prestigious WhatHouse? awards, known as the Oscars of the new homes industry, which celebrates the country’s best new homes and neighbourhoods.
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19 Nov 21
Brio Retirement Living is calling on the region’s creative kids to design elves and fairies this Christmas, with the creations then going on display in the gardens at Beechwood Park community in Stow-on-the-Wold.
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01 Nov 21
Relocating to a retirement community in Scotland might just be the key to unlocking your dream retirement.
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14 Oct 21
There are many beautiful places in the UK to call home, but it comes as little surprise that the picture-perfect Cotswolds tops the list with house buyers.
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