But a cash loss from purchase of only £5,000 is not THAT bad, in UK retirement housing … By Sebastian O’Kelly Yet again retirement housing is in the news: this time Retirement Villages charging £50,000 in exit fees to a family who sold a two-bedroom flat at Mayford Grange, in Woking in Surrey. The Sunday […]
The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’
September 10, 2016 By
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
September 5, 2016 By
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 […]
Exit fees and retirement estate agency: You now have 29 days to act
December 31, 2015 By
In the second of our articles on the Law Commissions work on exit/transfer fees, we turn to their survey of some of retirement company web sites. Again the picture is very mixed in terms of how clear each company is in providing information about the fees that leaseholders face. As well as “exit” fees the […]
Rebellion at Blagdon Retirement Village over 12.5% exit fees
July 4, 2013 By
Residents at Blagdon Retirement Village, an upmarket retirement complex near Taunton in Somerset, are mobilising to fight 12.5 per cent exit fees involving all Retirement Village sites. Blagdon is a complex of 85 cottages, bungalows and flats “clustered around Blagdon Lodge where communal facilities can be found”. With 20 “interest and social groups”, the Lodge […]
Trapped in a Retirement Villages site: once you are in, how do you escape?
June 1, 2013 By
The following is from residents in a Retirement Villages site, who are trapped as exit fees are a staggering 12.5 per cent. Selling up in such circumstances is very difficult, leaving aside the likelihood that capital values have almost certainly taken a hard hit. It is difficult to advise in these circumstances. Retirement Villages are […]
