By Sebastian O’Kelly Trustee, Leasehold Knowledge Partnership The retirement house builder McCarthy and Stone says that it is struggling, the newspapers are reporting. Profits are down more than 50 per cent for the first half of this year. And it is worried about the long-term implications of the government’s undertaking to reform ground rents, setting […]
Archives for 2018
Park home pensioners demand MPs dump the British Holiday and Home Parks Association from its All Party Parliamentary Group
February 4, 2018 By
Pensioners in park homes are demanding that MPs dump the British Holiday and Home Parks Association trade body be dumped as secretariat of the All Party Parliamentary Group that was set up to protect residents. The British Holiday and Home Parks Association is the organisation of the site owners! The APPG on park homes is […]
FirstPort Retirement is admitted to ARMA – finally
February 2, 2018 By
The controversial FirstPort Retirement managing agent has been admitted into the Association of Residential Managing Agents FirstPort, formerly Peverel, was responsible for systematically cheating pensioners in retirement sites which resulted in an Office of Fair Trading ruling of bid rigging in December 2014. The scandal involved its subsidiary Cirrus competing for expensive electronic door entry […]
ARCO snubs McCarthy and Stone / Churchill by saying there is no need for ground rents
January 31, 2018 By
The trade body the Association of Retirement Community Operators announced yesterday that ground rents are “not essential” in retirement housing and it backs the government in ending them. The announcement directly contradicts McCarthy and Stone and Churchill. Both have argued that they need ground rents for the viability of retirement housing projects and without them […]
£4,000 sublet fee at Butler’s Place
January 30, 2018 By
The highest sublet fees LKP has encountered exist at the retirement site Butler’s Place, in Milford, in Surrey. In some retirement leases subletting fees of 1 per cent of the purchase price or value of a flat are charged at each subletting. In theory this means that if you have, say, three tenancies in a […]
