December 17, 2018

McCarthy and Stone: we want you to succeed, but you don’t need ground rents

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 […]

Park home pensioners demand MPs dump the British Holiday and Home Parks Association from its All Party Parliamentary Group

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

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

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

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 […]

At last media take up theft of Sonia McColl OBE’s mobile home

Today we have at last got the theft of the mobile home of Sonia McColl OBE into the national media, with a brilliant report by Melanie Abbot on BBC R4 You & Yours. The item can be heard at below at 19.22, and LKP thanks Melanie Abbot for this report, and many others concerning leasehold […]

Park home champion Sonia McColl OBE has her own home stolen!

UPDATE: November 29 2017: The Sun newspaper has now reported this story: Widow’s horror after thieves steal her entire MOTOR HOME A WIDOW has had her £30,000 motor home stolen, left with just the curtains she was hoping to install in her new home. Sonia McColl, 70, said she had been left feeling vulnerable after […]

Sebastian O’Kelly addresses the retirement property managers. Were you lynched? No, they agreed: leasehold ‘granny flats’ have no future

Not a single voice was uttered in favour of the leasehold volume retirement flat model at the annual conference of the Association of Retirement Housing Managers. The keynote speaker was Sebastian O’Kelly, joint trustee of LKP and director of BetterRetirementHousing.com, who said: “The era of knocking out “granny flats”, loading the leases with sneaky fees […]

ARHM cannot see a future in traditional ‘granny flat’ volume retirement sales

Annual conference hears why renting, mutuals or guaranteed buy-back schemes are more attractive than leasehold flat sales Not one attempt was made to defend the volume retirement housing business model as it came under sustained attack at the annual conference of the Association of Retirement Housing Managers last week. The keynote speaker Sebastian O’Kelly, of […]

Dudley Joiner and park home landlord Barry Weir named in Commons … and LEASE chair Roger Southam invited to resign

Controversial leasehold entrepreneur Dudley Joiner was named in the House of Commons today, and Roger Southam, chair of the Leasehold Advisory Service, was invited to retire. The remarks came from Sir Peter Bottomley in the debate on the Regulation of Property Agents. Sir Peter also named Barry Weir, a Sussex-based park home landlord who employed […]

Pensioners tell property manager Dudley Joiner: give back our £27,000 sinking fund

Leaseholders in Chichester Court, a retirement site in Bexhill-on-Sea, East Sussex have told property manager Dudley Joiner to return their £27,000 sinking fund. Mr Joiner won’t give the money back unless the directors of the Chichester Court Right To Manage Company Limited sign some form of indemnity agreement as he believes the company is illegal. […]

Resale disaster zone: Burlington Court in Bridlington, where one flat has sold for £36,000

5 flats sold for less than £50,000. 12 flats less than £60,001 The dismal state of retirement flat resales is starkly illustrated by figures from the Land Registry concerning Burlington Court in Bridlington. Five of the flats here have been sold for less than £50,000; seven of the flats have sold for less than £60,000. […]

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