Bob Bessell, founder of retirement housebuilder Retirement Security, told the All Party Parliamentary Group that he has never charged ground rents. His company, based in Stratford on Avon and founded in 1985, has built 1,600 retirement flats around the country at 30 sites. “I started as a social worker and I had to invent things […]
The Times today (September 10 2016) reports the research 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 LKP patron Sir Peter Bottomley, who earlier this week established the All Party Parliamentary Group on leasehold and commonhold, […]
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 […]
… and Bob Bessell wants an end to ‘feudal’ ground rents, too! Bob Bessell, founder of housebuilder Retirement Security, yesterday pledged to leave his freehold portfolio – worth £7 million – in a trust controlled by the pensioner residents at his sites. The undertaking was made at a Westminster roundtable organised by LKP for MPs, and […]
… Or help perpetuate what is already wrong with it? – Government should underwrite retirement flat purchases like Help To Buy scheme – There should not be any stamp duty when downsizing – Schemes where some service charges are deferred until a property is sold should be ‘made available more widely’ – Retirement accommodation offers huge savings over maintaining family […]
– Self-regulation (by ARHM, ARMA, RICS) has failed – Leasehold tenure itself disempowers residents and makes them vulnerable – Commonhold should be explored – Right to manage needs to be made easier for the elderly – LEASE’s ‘problematic’ role serving all sides in leasehold – CMA’s skimpy Ipsos MORI poll ‘should not be used as […]
Bob Bessell, the chairman of the developer Retirement Security, has issued a statement to Campaign against retirement leasehold exploitation explaining why his company was expelled from the ARHM. The ARHM announced the decision to expel the Stratford Upon Avon company, but gave not details for the dispute.