Is the ground rent ban responsible? Sebastian O’Kelly I guess when you stand down as boss of a publicly quoted retirement housing company that has seen profits fall from £110 million to £65-£80 the headline-writing punsters are not going to miss a trick. So, Clive Fenton, 60, McCarthy and Stone’s CEO, is being “pensioned off” […]
Points to consider when buying a new retirement flat …
By Michael Epstein There can be no doubt that the new build and post 2010(non Firstport managed) McCarthy & Stone developments offer very good facilities are well managed and can offer residents a good quality of life. Increasingly extra services are being offered designated as “Assisted Living” No one can expect these services to come […]
Please exempt retirement housebuilders from ground rent ban, pleads Sir Desmond Swayne
Senior Tory MP Sir Desmond Swaine has pleaded with the Communities Secretary to consider exempting volume retirement housebuilders from the ban on new ground rents. The MP for New Forest West – coincidentally not far from McCarthy and Stone’s Trump-style HQ in Bournemouth – asked in the Tuesday housing debate: “On new build leaseholds, is […]
Love over 50: something we can agree about with McCarthy and Stone
Respect where it is due. Well done McCarthy and Stone for promoting love over 50. Here is the link to the full article: Dating for over 50s: how to find love in later life – McCarthy & Stone Love in later life can seem daunting. If you’ve been married for some years and are recently […]
Ground rents are essential to McCarthy and Stone’s business model
… but leaseholders are concerned it is selling freeholds to anonymous buyers … McCarthy and Stone complains about ‘right to reply’ to LKP / Better Retirement Housing articles McCarthy and Stone told The Times yesterday that there would be fewer of its form of retirement flats if the government reduces ground rents to a minimal […]
Our ground rents are fair, says McCarthy and Stone (even though they go up to £600 and are for no service whatsoever)
DCLG Consultation Paper On Leasehold And Ground Rents – Statement – McCarthy & Stone See our response to the DCLG consultation paper on Leasehold and Ground Rents It is a fair bet that McCarthy and Stone will be making a strong submission to the DCLG into the leasehold houses and ground rent scandals firmly urging […]
4% of McCarthy and Stone earnings come from ground rents
The announcement yesterday by Sajid Javid, Communities Secretary, that he is to ban the sale of leasehold houses and reduce ground rents on new properties to “as low as” zero resulted from months of work by the Leasehold Knowledge Partnership. It will have a marked effect on McCarthy and Stone, according to an article in […]
Campaign against retirement leasehold exploitation is ‘slanted’ over retirement resale prices. The picture is more positive, says McCarthy and Stone
Statement from McCarthy & Stone The majority of properties managed by McCarthy & Stone have increased in value when resold (based on data relating to managed properties resold in 2016 to-date) and historical data suggests around a third of all our properties outperform their local market. In addition, our newer properties are better-placed to retain […]