November 22, 2019

£15,000 for Pegasus Court leasehold retirement flat in Rochdale – which once sold for £85,000

Another disastrous retirement leasehold resale price, where neighbours have paid £165,000 A leasehold retirement flat at Pegasus Court, in Rochdale – built by Pegasus Retirement – is up for auction with a headline price of £15,000 later this month. The property has been sold twice before: for £59,750 when new in 1997, and for £84,950 […]

The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’

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 […]

Abysmal retirement housing values revealed on the Land Registry

Campaign against retirement leasehold exploitation examines official re-sale prices for McCarthy and Stone, Churchill Retirement Living, Audley Retirement, Retirement Villages, Retirement Security, Anchor and Pegasus A dismal picture of retirement housing values on re-sales is revealed by Campaign against retirement leasehold exploitation from figures in the Land Registry. For years we have been saying that […]

My contingency fund fee on sale paid to modify these six-month old gates

The Campaign against retirement leasehold exploitation reader “Fleeced” thinks contingency fund fees paid on sale are a rip-off and Campaign against retirement leasehold exploitation is wrong not to oppose them. She bought and sold a flat after only six months and had to pay out her contingency fund contribution. Worse, it was needed to pay for […]

My six week wait … to pay Estates and Management £5,000

Helena Taylor, the daughter of a former resident in retirement leasehold, is furious that the sale of the property has been delayed by six weeks by Estates and Management.

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