McCarthy and Stone has changed its publicity after claiming that by selling 999 year leases it was offering buyers homes that were “virtual freeholds”. Carlex took the issue up with chief executive Clive Fenton and the over-hyped expression has been dropped from McCarthy and Stone publicity. Its website has been amended. Last summer McCarthy and […]
After 30 years, can’t FirstPort contracts go out to tender? And, what’s happened to the chairman of LEASE?
At the Carlex / LKP roundtable at Westminster yesterday there were a couple of interesting questions from attendees. One gentleman asked: “I own a portfolio of  retirement properties. Most are in sites that were built by McCarthy and Stone and are managed by FirstPort formerly Peverel formerly etc … “In almost all these cases […]
Woodchester Valley Village: How we turned a disaster into the first mutually owned retirement village
MPs were told yesterday of how residents took control of a bankrupt retirement village, raised £2 million and turned it into the first mutually owned retirement site in the country. Professor Peter Wilson told the Carlex / LKP roundtable, hosted by the charity’s MP patrons Jim Fitzpatrick and Sir Peter Bottomley, that the initiative was […]
On April 28 there will be a Carlex roundtable on retirement housing at Westminster. The purpose is inform MPs of the issues in retirement housing, and to suggest how it could be further improved. There have already been shifts in position by retirement housebuilders: 999 year leases are becoming more widespread, and some retirement providers […]
Tatton Court is the latest Cheshire retirement site wanting to be rid of the FirstPort / Tchenguiz management which dominates private retirement housing. “We feel that you are being deliberately awkward in blocking our claim,” the RTM directors write to Estates and Management, the Tchenguiz company that manages his freehold portfolio. “We also feel that […]
BBC Radio 4 on housing association leasehold … and a German asks: is it safe to buy a flat in London?
March 31, 2016 By Carlex
Housing association leasehold featured on the BBC Radio 4 consumer show You and Yours today … and LKP managed to make a case for commonhold as an alternative. Click here to listen at 18.20 minutes in The programme concerned Pam Pearson, a leaseholder whose flat was left cold and damp after a cavity wall outfit […]