Protecting your service charge funds
Our Banking
We've partnered with NatWest to establish dedicated client trust accounts for each of the sites we manage, ensuring the utmost safety and security for your funds. This collaboration with a reputable UK-established bank brings several key advantages. First and foremost, it provides a trusted and regulated environment for your service charges, in compliance with the highest industry standards. Additionally, it offers transparency, accountability, and accessibility, allowing you to have peace of mind and that your funds are protected.
HMRC Supervision
As a client of Property Black Box, you can have complete confidence in the safety and security of your funds. We are proud to be under the full supervision of HMRC for money laundering compliance. This means that we adhere to stringent regulatory standards to prevent illicit financial activities. This supervision offers several key benefits for you: your money is protected from unauthorised or suspicious transactions, it is handled with transparency and accountability, and our commitment to ethical practices ensures your financial well-being. With Property Black Box, your funds are not only secure but also managed with the highest level of professionalism and integrity, providing you with peace of mind.
Insurance
Our commitment to comprehensive insurance means peace of mind for you. In the unlikely event of any unforeseen circumstances or mishaps, our insurance coverage acts as your safety net. It's your assurance that your investments and interests are fully protected. With us, you can trust that your service charges are in safe hands, allowing you to enjoy your property worry-free, knowing that you have a reliable partner who has your back, no matter what.
Fully Managed Finances
At Property Black Box, we pride ourselves on delivering precise and transparent financial management. We prioritize the meticulous handling of your service charges, drawing upon our extensive experience in creating service charge accounts and budgets. What sets us apart is our commitment to monthly service charge accounting, providing real-time financial insights, unlike the industry standard yearly approach. If you prefer, we can even facilitate additional reporting and independent audits conducted by specialist service charge audit firms, ensuring the utmost transparency and integrity of your financial records. With Property Black Box, your finances are in expert and trustworthy hands.
Find out more
For more details on how Property Black Box protects your money, please read our detailed blog post: