The Times today (September 10 2016) reports the research by Campaign against retirement leasehold exploitation into re-sale values recorded on the Land Registry for retirement properties. The article, headed “Exit fees and poor resale values: the uncomfortable truth about retirement homes”, quotes Campaign against retirement leasehold exploitation / LKP patron Sir Peter Bottomley, who earlier […]
The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’
September 10, 2016 By
Law Commission outlines ‘event’ fee report, but still wants to hear from leaseholders
January 16, 2016 By
About 100 of those who have contributed to the Law Commission report into retirement housing “event” fees were invited to an evening get-together at Westminster last Thursday. There was wine and canapés and gossip, after attendees had digested the evening’s theme “Building Fairness: Growing a housing market older people can trust”. Esther Rantzen was the […]
Will Lord Best’s proposals produce a healthy retirement housing market …
November 24, 2014 By
… Or help perpetuate what is already wrong with it? – Government should underwrite retirement flat purchases like Help To Buy scheme – There should not be any stamp duty when downsizing – Schemes where some service charges are deferred until a property is sold should be ‘made available more widely’ – Retirement accommodation offers huge savings over maintaining […]
AgeUK: Retirement leasehold IS NOT WORKING and needs urgent reform
September 24, 2014 By
– Self-regulation (by ARHM, ARMA, RICS) has failed – Leasehold tenure itself disempowers residents and makes them vulnerable – Commonhold should be explored – Right to manage needs to be made easier for the elderly – LEASE’s ‘problematic’ role serving all sides in leasehold – CMA’s skimpy Ipsos MORI poll ‘should not be used as the basis […]
Seven months after buying our retirement flat, we have put it up for sale
September 1, 2014 By
– Couple deeply regret hasty decision – Why did they not RENT instead? – Churchill satisfied with sales procedures A couple who bought a one-bedroom retirement flat deeply regret making the hasty decision and were desperate to sell up – only seven months later. Evelyn Matthews, 78, and her husband Stan, 94, bought the one-bedroom […]
Family ‘horrified’ at £30,000 price difference between new and resale Churchill Retirement flats
July 18, 2014 By
Campaign against retirement leasehold exploitation has received an anguished communication from a family considering a purchase of a flat from Churchill Retirement at Elgar Lodge in Malvern. It is priced at £172,000, but the family says it is “horrified” to discover a very similar resale flat in the same block, advertised by Churchill’s own […]
McCarthy without Stone: Churchill Retirement Living ‘to spend £500 million on new sites’
August 7, 2013 By
Churchill Retirement Living, the retirement leasehold developer controlled by the McCarthy family who built up McCarthy and Stone, is spending £500 million on new sites over the next three years, says the Times. In what appears to be a re-write of a press release, the article echoes the company’s message that the retirement leasehold sector […]
