Campaign against Residential 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 LKP from figures in the Land Registry. For years we have been saying that retirement property can be […]
… that’s on top of a £26,950 fall in value after 11 years of ownership A family whose parents owned a one bedroom flat at Anchor’s 59-unit Cherry Trees site in Redcar, Cleveland, have been hit with a double whammy common in retirement leasehold. First, the flat for over-55s was bought for £79,950 in 2004 […]
A complaint about Peverel Retirement is being considered by ARMA regulator Keith Hill even before the trade body rules on whether it meets the criteria of ARMA-Q. The complaint comes from Alex Ellison, whose mother lives in Mere Court, in Knutsford, Cheshire. It concerns Peverel’s ownership and disposal of house managers’ flats.
UPDATE APRIL 5, 17.51: In a statement justifying its policy, Anchor refers to the Office of Fair Trading report which stated that “terms in long leases preventing sub-letting have potential for unfairness” and that “permission [to sub-let] should not be unreasonably withheld”. See below A curious dispute is brewing at our sister site Campaign against retirement leasehold exploitation over retirement […]
24.01.2012 Why does Anthony Essien, of LEASE the Leasehold Advisory Service, think “mediation” is the way forward in leasehold reform – when his own organisation scrapped its mediation service exactly a year ago? Read news for more … 23.01.2012 Will Boris Johnson support leasehold reform and defy government? Read Sebastian O’Kelly’s report on the Greater […]