November 17, 2018

4% of McCarthy and Stone earnings come from ground rents

The announcement yesterday by Sajid Javid, Communities Secretary, that he is to ban the sale of leasehold houses and reduce ground rents on new properties to “as low as” zero resulted from months of work by the Leasehold Knowledge Partnership. It will have a marked effect on McCarthy and Stone, according to an article in […]

Telegraph reports surge in leasehold newbuilds

A good article in the Telegraph about leasehold newbuild flats being on the rise. They make up 43pc of all newbuild registrations with the Land Registry, compared with 22pc in 1996. While leasehold newbuild flats were up by roughly 10,000, leasehold houses also sharply increased: registrations of newbuild detached leasehold houses more than doubled in […]

Oldies should downsize and give retirement house builders lots of money, reports Telegraph

The Daily Telegraph has repeated a load of retirement house builder propaganda in a story about oldies downsizing. Story link is here It is basically a re-hash of the 2013 report by the think tank Demos, called The Top of the Ladder – which was paid for by the House Builders’ Federation on behalf of […]

Tchenguiz’s £2.2bn compo claim ‘liberally interspersed with assertions of fraud, falsity, dishonesty and improper motive’, says judge

(Sounds like an email to Campaign against retirement leasehold exploitation from an aggrieved leaseholder …) Vincent Tchenguiz’s £2.2 billion legal action against accountants Grant Thornton has suffered a set-back as his documentation was described by a judge as “too long and failed to make clear the facts of the case”. Tchenguiz wants compo from Grant […]

Telegraph reproduces press release over retirement housing

The Daily Telegraph has today reproduced a press release about the retirement housing sector, this time from construction analysts Glenigan. In full here “There is no doubt that potential demand for these types of property is large, and is only set to grow.

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