May 26, 2024

We need retirement ground rent gaming like a hole in the head, says ARCO

Gaming the new ground rents ban by introducing them at the last possible minute was damaging to the entire retirement housing sector and “we need this like a hole in the head”, said the Association of Retirement Community Operators at its annual conference yesterday. Michael Voges, ARCO chief executive, deplored bad practices in retirement housing […]

Will Lord Best’s proposals produce a healthy retirement housing market …

… 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 […]