August 18, 2019

Contact Campaign against retirement leasehold exploitation before buying a leasehold retirement flat, says Daily Mail

By Sebastian O’Kelly Advice from the Daily Mail last week on buying a leasehold retirement property: contact Campaign against retirement leasehold exploitation first! Well, at least you will get the downside of this property transaction. Any purchaser must understand – as an experienced property investor put it to me last week – McCarthy and Stone […]

Crisis in retirement housing is all down to planners, says ARCO (not greedy operators drawing up sneaky revenue-earning leases or management companies on the fiddle)

Here we go again! The apologists for property developers are blaming planners again – this time for the crisis in retirement housing. Something called Associated Retirement Community Operators (ARCO), which represents retirement village operators such as Anchor, Hanover, Retirement Villages etc, says the current provision of specialist retirement housing is “woefully inadequate”.

Retirement leasehold flat falls £119,000 in two years

Never, EVER buy property like this! Never use part-exchange schemes Don’t use a developer’s solicitor – that in itself is a disqualification If you absolutely insist on buying retirement leasehold – as opposed to renting first – then buy a re-sale property, not a new one with a “value” that’s just a salesman’s try-on Campaign […]

Poisoned chalice of a retirement leasehold inheritance

The inheritance of a retirement leasehold flat has proved a mixed blessing for one Campaign against retirement leasehold exploitation reader: who now faces demands for £10,000 in unpaid service charges to Peverel with the dreaded F-word – forfeiture – also being mentioned. In March last year retired academic Michael Welch, 64, inherited his father’s one-bedroom […]

Heirs of empty retirement leasehold flat now face doubled council taxes … on top of plummeting re-sale value, on-going service charges and an exit fee if it ever does sell

A son trying to sell his deceased mother’s retirement leasehold flat has been told that he will have to pay double the council tax on the empty property. The flat has fallen foul of Chester’s efforts to penalise owners of empty properties so that they are brought back into use – and increase revenues for […]

Pensioner blames Peverel for loss of value to her flat

A pensioner who blames Peverel for reducing the value of her leasehold flat is having the case heard by mediators on December 11. And head of Peverel Retirement Keith Edgar – who leaves Peverel in December – is attending the hearing himself. For five years, Muriel McNally, 75, has been fighting the action, involving local […]

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