D I R E C T O R S '   B U L L E T I N

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Dear  Director,

Happy June! We hope you are enjoying the recent warm weather.

This edition of the Directors' Bulletin focuses on the recent TPI publication – their 2026 Service Charge Index, and drops a gentle reminder about our call for Directors' Feedback – live until Friday!

Jennings & Barrett are one of just 13 TPI members to contribute to the Service Charge Index

We’re pleased to share that Jennings & Barrett has once again contributed to The Property Institute’s (TPI) 2026 Service Charge Index, published on 21 May 2026. This report provides valuable insight into service charge trends across residential developments in the UK, based on real data from managing agents.

As one of just 13 contributors (around 3.6% of eligible members), we are proud to support this important industry benchmarking initiative. Our involvement helps improve transparency and ensures our clients benefit from a clearer understanding of the wider cost environment.

This year’s report shows that service charges have broadly tracked inflation, rising by 6.3% from 2025. Key cost drivers remain repairs and maintenance, reserve fund contributions, and insurance, with notable increases in building safety compliance and reserve fund allocations. 

Encouragingly, some costs such as utilities, insurance, and maintenance have started to stabilise or reduce compared to previous years. These images below summarise key information from the index. 

The findings reinforce the importance of long-term financial planning, particularly for older buildings where costs are significantly higher. They also highlight the growing role of reserve funds in supporting future stability.

We will continue contributing to future reports and encourage more managing agents to participate, helping to strengthen transparency and insight across the sector.

Read more about our involvement in the publication of this data, here. Click the button below to read the TPI Service Charge Index.

Don't miss your chance to win a £200 voucher!

There are fewer than four days left for Directors' to take part our survey.

To encourage participation, we're repeating last year's prize draw: Completing our 2026 survey gives you a chance to win a £200 voucher for a retailer of your choice.

This year, to aid analysis, we're asking you to complete one of two forms:

Small block survey: For blocks below the size of 10 units

Blocks over 10 units survey: For blocks above the size of 10 units.

This helps us ensure we ask only questions that are important and relevant to your development.

Thank you for taking the time to read this Directors' Bulletin.

If you have any questions about the content of this bulletin, or would like more information on any topic related to the management of your development, please send them to our Operations Team at operations@jenningsandbarrett.co.uk.

To find previous editions of our Directors' Bulletin, head to our Directors' Bulletin Library resource page.

Warm regards,

Joanna Bould

Managing Director

Jennings & Barrett