June 19, 2019

Exit fees: You have less than 30 days to provide your input

Campaign against retirement leasehold exploitation has published a number of articles about the Law Commission’s work on “exit”/transfer fees, and which sort of charges should be allowed going forward. The end of the public consultation is January 29. One of the problems faced by the project is that while those working in the retirement sector […]

Important AgeUK event – exit fees

On 19th November AgeUK is holding an event for “older leaseholders” on exit/transfer fees as part of the Law Commissions review of these type of charges. The Law Commission project is just entering the public phase having reached their preliminary findings. The project will end some time next year when they present their formal recommendations […]

Pier Management sends £120 subletting demand to the dead …

… Which did not even need to be paid by the living Leasehold reached a new low with Pier Management demanding a subletting fee from a man who is dead. Nor was a sublet fee payable had Mr A Gaffney, of Dublin, been alive. Pier Management admitted it had not read the lease before demanding […]

Law Commission investigates retirement transfer fees

The Law Commission is reporting its work into the issue of retirement leasehold exit fee here Anyone who has paid these fees, can contact the Law Commission on this email address: transfer_fees@lawcommission.gsi.gov.uk Following a considerable amount of activity by Campaign against retirement leasehold exploitation, the issue of exit and subletting fees was taken up by […]

My contingency fund fee on sale paid to modify these six-month old gates

The Campaign against retirement leasehold exploitation reader “Fleeced” thinks contingency fund fees paid on sale are a rip-off and Campaign against retirement leasehold exploitation is wrong not to oppose them. She bought and sold a flat after only six months and had to pay out her contingency fund contribution. Worse, it was needed to pay for […]

‘Curtains for exit and sublet fees’ by Law Commission … but not until March 2017

Leasehold exit and sublet fees have been referred to the Law Commission, which will almost certainly be the end of them. This means anyone selling or renting out a retirement or non-retirement flat should keep all documentation with a view to making a claim in two and half years time.

McCarthy and Stone reform sublet fees after discussions with Campaign against retirement leasehold exploitation

Following discussions with Campaign against retirement leasehold exploitation, McCarthy and Stone is dropping the one per cent contingency fund contribution that has to be paid every time a flat is rented out. It is replacing the sublet fees, which are a percentage of either the purchase price or market value of a flat, with a one-off […]

DCLG leasehold team issue raft of improvements

Retirement exit fees may get the chop, at last! The new DCLG leasehold team, with whom Campaign against retirement leasehold exploitation / LKP has been working closely, yesterday announced a range of measures in addition to “Florrie’s Law” (see LKP) and acceptance that the residential leasehold sector is far larger than was previously thought. They […]

Seller at Felbridge Court expresses frustration at unending sales fees

Adam Schmidt, who inherited a retirement flat at Felbridge Court in Feltham, has written to the Sunday Times and to Campaign against retirement leasehold exploitation about his frustrations at the raft of fees payable when the flat is sold. He has written to 10 MPs, the ARHM, ARMA, FPRA, OFT, the Leasehold Advisory Service, Campaign […]

It’s £850 for subletting … er, alright, I will take £100, says boss of Hallmark Developments

An appalled reader who received an £850 subletting demand from the boss of Hallmark Developments has had the bill slashed to £100 after contacting LKP / Campaign against retirement leasehold exploitation. Paul Couchman, of Stapleton in Bristol, received the demand after renting out his mother’s two-bedroom flat at Meadow Court in Braintree, Essex. Under the […]

You DO have to pay sublet fees annually in retirement leasehold

The feeble deal between the Office of Fair Trading and the Tchenguiz Family Trust over retirement leasehold exit and subletting fees – the one in July 2012 where the OFT said they were an unfair contract but, no, it was not going to do anything about them – has been clarified to Campaign against retirement […]

Office of Fair Trading deal over exit and sub-letting fees with Tchenguiz

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12 August 2012: The Office of Fair Trading (OFT) has secured undertakings from Fairhold Homes Ltd and associated companies (Fairhold) owned by the Tchenguiz Family Trust  to change how they charge and enforce transfer fee terms in their 53,000 retirement home leases. The OFT has been investigating exit fees, […]

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