… 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 […]
Letter from Arkle Court
October 22, 2014 By
UPDATE: November 3 2014 A spokesperson from McCarthy & Stone said: “While the slight defects with the gables at Arkle Court fall outside of our 10-year warranty period, we are committed to addressing this issue as quickly as possible for the benefit of homeowners. “We instructed independent structural engineers to carry out an inspection of […]
‘Curtains for exit and sublet fees’ by Law Commission … but not until March 2017
September 24, 2014 By
Leasehold exit and sublet fees have been referred to the Law Commission, which will almost certainly be the end of them. This means anyone selling or renting out a retirement or non-retirement flat should keep all documentation with a view to making a claim in two and half years time.
McCarthy and Stone reform sublet fees after discussions with Campaign against retirement leasehold exploitation
August 18, 2014 By
Following discussions with Campaign against retirement leasehold exploitation, McCarthy and Stone is dropping the one per cent contingency fund contribution that has to be paid every time a flat is rented out. It is replacing the sublet fees, which are a percentage of either the purchase price or market value of a flat, with a one-off […]
Will hedge-funders clean up in £500 million float for McCarthy and Stone?
July 20, 2014 By
Both the FT and the Sunday Times are suggesting that the hedge-funders who took on the debt at McCarthy and Stone could be in for a killing if it floats next year for £500 million. Both papers report that says hedge fund owners pumped £367 million of equity and a five-year loan to slash borrowings.
Campaign for Housing in Later Life traced to … McCarthy and Stone HQ!
April 9, 2014 By
(But what on earth are Esther Rantzen and Shelter doing with this lot?) UPDATE June 8: McCarthy and Stone points out that over the credit crunch period (the five years between 2007/8 to 2011/12) it sold 7,170 properties. The company takes issue with Campaign against retirement leasehold exploitation’s view that there has been “almost NO […]
McCarthy and Stone gives Peverel the push at 25 retirement sites
November 4, 2013 By
McCarthy and Stone has decided to give Peverel its marching orders at 25 retirement sites where it still owns the freeholds – although two weeks ago it said it was not going to do so (see below). Many of the sites still have flats for sale and the housebuilder made no attempt to defend Peverel’s […]
Campaign against retirement leasehold exploitation meets McCarthy and Stone, but let’s talk about making the leases fair
December 7, 2012 By
OPINION Campaign against retirement leasehold exploitation has declined this afternoon to participate in talks over a new consumer charter with developer McCarthy and Stone – but is quite happy to discuss more substantive matters. The offer was suggested at an informal, agenda-less meeting in which several issues were raised between Sebastian O’Kelly and the new company […]
