December 17, 2018

APPG July 11: Robust debate over retirement ground rents and event fees

By Sebastian OKelly, LKP trustee The controversial issues of ground rents and exit fees in retirement housing were discussed at this week’s meeting of the All Party Parliamentary Group on leasehold and commonhold reform. These were the main event in a meeting which also had an insider’s examination of leasehold insurance commissions, and why developers […]

APPG July 11: Retirement event fees ‘align interests of buyers and operators’, Michael Voges tells meeting

By Michael Voges, executive director ARCO Retirement event fees – a term used to describe exit fees on re-sale – align interests of buyers and operators and are the business model for retirement housing in New Zealand, Australia and the US, said Michael Voges, executive director of the trade body the Association of Retirement Community […]

APPG July 11: The case for ground rents from McCarthy and Stone

By Clive Fenton, CEO McCarthy and Stone Hello, my name is Clive Fenton and until 31 August I’m the CEO of McCarthy & Stone. Thank you for inviting me here today. Today was never destined to be my easiest day in the office. I recognise that as a promoter of retaining ground rents for retirement […]

APPG July 11: Retirement fees whether ground rents or event fees need to be for designated services not open-ended profits, says AgeUK

And grounds cannot be set to zero but maintained in the retirement sector By Joe Oldman, AgeUK Age UK strongly supports extending the range of housing options available for older people – so we want to see a significant expansion in good quality retirement schemes and villages. We also recognise and appreciate the efforts of […]

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 […]

A second backbench debate on leasehold issues

An application for a backbench debate on leasehold issues is due to be heard on Tuesday 21st November 2017 http://www.parliament.uk/business/committees/committees-a-z/commons-select/backbench-business-committee/ The application asks the committee to consider: The APPG on leasehold and commonhold reform continues to grow and to date has 127 members. Government recently issued both a consultation and a call for evidence on […]

LKP patron Sir Ed Davey returns to Parliament

LKP’s LibDem patron Sir Ed Davey was returned to Parliament at the election for the Conservative held seat Kingston and Surbiton. He rejoins Sir Peter Bottomley, Conservative, Worthing West, and Jim Fitzpatrick, Labour, Poplar and Limehouse, after having lost his seat in the 2015 election. LKP warmly welcomes the return to public life of Sir […]

Ex-Labour minister Sally Keeble to keep property managers honest

@LKPleasehold @ARMAleasehold @FoPRA @LEASEonline – looking forward to working to improve standards for leaseholders & practice in the sector — Sally Keeble (@Sally_Keeble) July 29, 2016 Former New Labour minister Sally Keeble is to be the new ARMA regulator, after former housing minister Rt Hon Keith Hill, also a minister in the Blair governments, quits […]

Stop the leasehold ‘rip-offs’ by joining our APPG, Fitzpatrick tells MPs

Jim Fitzpatrick, Labour MP for Polar and Limehouse, and a patron of LKP, yesterday urged his colleagues to join the All Party Parliamentary Group on leasehold. Already 35 MPs and Lords have expressed their support. Mr Fitzpatrick was speaking in the Commons adjournment debate before MPs head off for their summer holidays. He said: “There […]

Law Commission: ‘We want to hear your problems with leasehold law’

LKP met Professor Nick Hopkins, the Law Commissioner concerned with property law, at Westminster yesterday. The meeting, held by Sir Peter Bottomley and Jim Fitzpatrick – the MP patrons of LKP – and trustees Martin Boyd and Sebastian O’Kelly – concerned issues surrounding leasehold law as part of the 13th law reform consultation which launched […]

Campaign against retirement leasehold exploitation welcomes Lord Best’s ‘flaws and all’ study of retirement housing

The controversial issues surrounding retirement housing have been addressed in an important parliamentary report written by Lord Best, the acknowledged expert on the subject in the Lords. “Leaseholders and their concerns have not been forgotten in this report,” Lord Best told guests at Parliament on Wednesday, who included senior figures in housebuilding, housing associations, the […]

After 30 years, can’t FirstPort contracts go out to tender? And, what’s happened to the chairman of LEASE?

At the Campaign against retirement leasehold exploitation / LKP roundtable at Westminster yesterday there were a couple of interesting questions from attendees. One gentleman asked: “I own a portfolio of [50] retirement properties. Most are in sites that were built by McCarthy and Stone and are managed by FirstPort formerly Peverel formerly etc … “In […]

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