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’.
LKP activists have been interviewed for the progamme, and LKP has given the filmmakers, October, full assistance over the past few months – although what they have unearthed is entirely their own achievement.
It is understood that the focus is on the retirement leasehold developers, their honeyed sales techniques and the fact that it is they who drew up the deeply disadvantageous leases that have blighted the retirement of so many pensioners.
It is also the developers who then flogged the freeholds off to whoever would cough up the most for them. Some freeholds have ended up in the hands of large and very small-scale predators. It is understood that the filmmakers have interviewed leasehold retirement pioneers, McCarthy & Stone.
LKP has long urged pensioners not to buy retirement leasehold property: it makes you prey to unending service charges and other fees, and they have been the worst residential property assets that you can buy, down 40-50 per cent on peak prices.
The programme follows Dispatches’ earlier expose of residential leasehold broadcast on August 26. This documentary is also presented by reporter Morland Saunders.
Channel Four, Dispatches: Undercover Retirement Home 8pm Monday September 24.