March 20, 2019

OFT promises ‘substantive announcement’ on exit fees in August

A letter to a Campaign against retirement leasehold exploitation activist reveals that the Office of Fair Trading, whose seemingly interminable investigation into exit fees has lasted three years, will be making a “substantive announcement” in August. The news comes in a letter of July 11 from Martin Harvey, of the “Retirement Homes Investigation Team”. But […]

Sub-letting fees should not be more than £40, landlords are told (four times by the Land Tribunal)

Inevitably retirement flats are going to fall empty at some point, as the residents go into care or die, which leaves the owners’ heirs will the problem of what to do with them. Selling up is often difficult, as values of retirement properties have crumbled as badly as small inner city flats. Sometimes even more […]

Hanover: we wanted court case on exit fees, but OFT doesn’t

Devastating criticism of bungling OFT investigation by housing association that manages 17,000 retirement properties By “Barrack-room Lawyer” The Hanover Housing Association, which manages 19,000 retirement properties, has issued a devastating criticism of the Office of Fair Trading for its bungling investigation into exit fees. The transfer fees that leaseholders pay when retirement properties are bought […]

‘Sub-letting fees aren’t fair, and I’m not paying’

A fanfare of trumpets for Joanna Worth, 49, who is making a stand against exit fees. Joanna is defying Peverel, which is demanding one per cent of the capital value of her flat in Beckenham, Kent, because she has sub-let it out to a pensioner. So far she has received three communications from Peverel, including […]

Exit fees: second response to Campaign against retirement leasehold exploitation from the OFT

  Anyone having to pay stealth charge exit fees on selling – or letting – their retirement flat may wonder whether John Fingleton, chief executive of the Office of Fair Trading, is worth his £279,999 salary. The OFT has been written off as toothless several times. It obviously just hoped the retirement flat issue would […]

Peverel: how to sell up and avoid the fees

Are you in a retirement property, and in a position of trying to break free fron Peverel?  Maybe you’ve decided to move.  Or maybe bereavement has forced a sale. Here are a few pointers to guide you on your way, which have been collated from actual experiences. However, if any of you have anything to […]

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