February 17, 2020

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 […]

No regulation, but I may make changes to leasehold, says Shapps

Housing minister Grant Shapps has ruled out statutory regulation of the leasehold sector, but may well introduce measures to improve Leasehold Valuation Tribunals. Furthermore, an announcement on the fraught issue of “exit fees” in the leasehold retirement sector, which are payable when a flat is sold, can be expected soon. These have been the subject […]

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 […]

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 […]

Skip to toolbar