December 14, 2019

The Times says families ‘lost £3 billion’ on resales of leasehold retirement flats, while developers and freehold speculators made millions

The Times today suggests that families have lost £3 billion on the resale of leasehold retirement flats between 2001 and 2015 in a series of articles that add up to a devastating investigation of the sector. Some 80 per cent of the properties sold had fallen in value, with an average loss of £38,846, the […]

Seven months after buying our retirement flat, we have put it up for sale

– 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 […]

McCarthy without Stone: Churchill Retirement Living ‘to spend £500 million on new sites’

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 […]

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