This is a sector with a poor reputation that has been the subject of critical tribunal rulings, two investigations by the Office of Fair Trading and debated in Parliament.
That there is a problem is not disputed by impartial observers, although retirement housebuilders’ do their best to minimise the issues.
It is scandalous that the most vulnerable in our society have been beset by sneaky and dishonest fees widespread in leasehold, or systematically cheated, as the OFT found in the Peverel / Cirrus collusive tendering scandal.
However, we acknowledge that the retirement housing sector is varied and there are good operators within it.
Carlex is delighted that new overseas companies are moving into the market, and that care providers are producing housing solutions. This has introduced a welcome change of culture.
Nonetheless, the standard retirement leasehold flat remains a dubious proposition.
It is absurd that it can be the single worst residential property investment one can make, with plummeting re-sale values bearing no resemblance to the local housing market.
The worst practices are made possible by leasehold tenure, and is widely acknowledged that in Scotland, where leasehold does not exist, retirement housing is more harmonious.
Carlex aims to improve this sector and, with our umbrella organisation the Leasehold Knowledge Partnership, seeks to make reforms to residential leasehold law.
We assist with individual problems and provide an editorial service of the sector, which aims to be accurate and fair.
This website is produced to provide an editorial service to assist Carlex, which is part of the Leasehold Knowledge Partnership, a registered charity (number: 1162584) with the Charities Commission.
Carlex can be contacted at:
Carlex has published a full list of Peverel’s retirement sites with links to contacting the constituency MP.One feature that is immediately noticeable is that 73 per cent of retirement leasehold sites are in constituencies with Conservative MPs.Click on link … Get in touch with email@example.com. We will draft the complaint to local MP and ensure it is widely circulated in government to sympathetic MPs. These now include several Cabinet ministers. The result: the local MP writes a forcible, effective letter demanding answers. This is more effective than an angry rant to companies that have heard it all before ...
Tonight’s Dispatches programme (September 24 2012) on retirement leasehold was a brilliant example of television journalism that was extremely critical of both McCarthy and Stone and Peverel.Peverel’s LVT defeat at the hands of