Gaming the new ground rents ban by introducing them at the last possible minute was damaging to the entire retirement housing sector and “we need this like a hole in the head”, said the Association of Retirement Community Operators at its annual conference yesterday.
Michael Voges, ARCO chief executive, deplored bad practices in retirement housing and rebutted criticisms of the media for reporting them, which were expressed at the conference.
“Unfortunately, these stories are largely true,” he said.
Many of them either originate with or quote LKP / BetterRetirementHousing.com, which have been campaigning for an improved retirement housing sector for since 2012.
Mr Voges did not did not name the housebuilder, but it was reported in April on LKP and www.BetterRetirementHousing.com that Churchill Retirement had issued new leases on March 31 with ground rents of £625pa. This was a pointed message to government by the privately-owned company as it was the day before its new ground rents ban came into effect on April 1.
Full report on BetterRetirementHousing.com here: