AgeUK echoes Carlex in demanding retirement housing reform

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The Carlex agenda for reform of retirement housing has been given a ringing endorsement by a report published today by AgeUK. The report, Housing in Later Life, arrives just as the Competition and Markets Authority appears to be manoeuvring to downplay concerns in retirement in its leasehold sector inquiry.

DCLG leasehold team issues raft of improvements

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Retirement exit fees may get the chop, at last! The new DCLG leasehold team, with whom Carlex / LKP has been working closely, yesterday announced a range of measures in addition to “Florrie’s Law” (see LKP) and acceptance that the leasehold sector is far larger than was previously thought. They include referring exit fees in […]

Will hedge-funders clean up in £500 million McCarthy and Stone float?

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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.

AgeUK would not get involved, Shelter has quit, Peverel has been expelled and Esther Rantzen is asking questions … the fiasco of the Campaign for Housing in Later Life

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Last Friday, Peverel was expelled from the House Builders’ Federation campaign to reinvigorate the retirement housing market. Its logo was removed from the campaign’s website, while earlier in the week the homeless charity Shelter also decided to jettison the campaign. AgeUK – which last year removed its logos from the Peverel Retirement site – had […]

Shelter ‘dumps’ the Campaign for Housing in Later Life

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The charity Shelter appears to have ceased involvement in the ‘Campaign for Housing in Later Life’, which Carlex revealed on April 9 registered its website to the address of the Bournemouth HQ of McCarthy and Stone. The Shelter logo that appeared on the campaign’s website has been removed. Since publication by Carlex, the campaign has […]

Campaign for Housing in Later Life traced to … McCarthy and Stone HQ!

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The Campaign for Housing in Later Life has been traced back to the Bournemouth headquarters of McCarthy and Stone. The website, which seems to have been started last autumn, has a registered IP identification that uses the same postal address as the retirement leasehold developer. Other backers whose logos adorn the website include Peverel, Anchor […]

You and Yours features Carlex and OFT inquiry into leasehold management

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The influential BBC  Radio 4 programme You and Yours yesterday featured retirement leasehold. This is an area of “most concern” according to Douglas Cooper, of the Office of Fair Trading, which is carrying out an inquiry into leasehold management. The programme can be heard here and the item begins 46 minutes into the programme.

Heirs of empty retirement leasehold flat now face doubled council taxes … on top of plummeting re-sale value, on-going service charges and an exit fee if it ever does sell

John Bottomley

A son trying to sell his deceased mother’s retirement leasehold flat has been told that he will have to pay double the council tax on the empty property. The flat has fallen foul of Chester’s efforts to penalise owners of empty properties so that they are brought back into use – and increase revenues for […]

McCarthy and Stone replies to Dispatches exposé

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McCarthy and Stone has replied on its website to the exposé carried out by Channel Four’s Dispatches on Monday evening. You can read the page here It says: “Treating our customers with fairness and respect is at the cornerstone of what we do and over the course of the last 35 years, our staff have […]

Devastating exposé of McCarthy & Stone on TV

Tonight’s Dispatches programme on retirement leasehold was a brilliant example of television journalism that was extremely damaging to both McCarthy and Stone, and to Peverel. It is excellent that Peverel’s disgraceful treatment of the pensioners at Strand Court, Rye, has been given a wider airing. Read original story here or search Strand Court on this […]

Undercover pensioner ‘spy’ to lift the lid on retirement leasehold 8pm tonight

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Tomorrow night (Monday) at 8pm Channel Four’s Dispatches carries out a special investigation into the fraught world of retirement leasehold with much of the material provided by an undercover pensioner ‘spy’. Carlex activists have been interviewed for the progamme, and Carlex/LKP has given the filmmakers, October, full assistance over the past few months – although […]