April 24, 2017

Abysmal retirement housing values revealed on the Land Registry

Carlex 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 Carlex from figures in the Land Registry. For years we have been saying that retirement property can be a most dubious residential […]

Anchor CEO makes donation to Carlex

Carlex and the Leasehold Knowledge Partnership would very much like to thank Jane Ashcroft, CBE, the chief executive of Anchor housing association, for a donation last week. At the launch of Lord Best’s Making Retirement Living a Positive Choice at the House of Lords, Jane noted that the resources of our organisation did not extend […]

Family hit with £9,341 contingency fee charge on Anchor’s Cherry Trees flat …

… that’s on top of a £26,950 fall in value after 11 years of ownership A family whose parents owned a one bedroom flat at Anchor’s 59-unit Cherry Trees site in Redcar, Cleveland, have been hit with a double whammy common in retirement leasehold. First, the flat for over-55s was bought for £79,950 in 2004 […]

Now Anchor wants to grab a £160,000 house manager flat … for £10,000

After Carlex revealed that Hanover had sold 21 house manager flats, the cash-strapped Anchor is proposing to do the same. Residents at Welland Mews, in Stamford in Lincolnshire, were this morning asked whether they want to continue with a resident house manager as the post is vacant. If they agree to this a formal ballot […]

Anchor Trust apology: ‘we do not seek to profit from contingency funds’

Anchor Trust has apologised for misleading a resident with incorrect information regarding the investment of millions of pounds of contingency funds. In an email to Carlex, Jonathan Earnshaw, customer relations manager, apologises for erroneously informing an Anchor leaseholder that it had stopped charging a one per cent  administration fee in 2013. The resident forwarded the […]

More sites rebel against Anchor Retirement allowing sub-letting … in defiance of leases that ban it

UPDATES APRIL 5, 17.51: In a statement justifying its policy, Anchor Retirement refers to the Office of Fair Trading report which stated that “terms in long leases preventing sub-letting have potential for unfairness” and that “permission [to sub-let] should not be unreasonably withheld”.  See below APRIL 5 It emerges that another Anchor Retirement site is in ferment over this […]

Fury at Anchor Trust allowing sub-letting as retirement leasehold market turns sour

Residents at an upmarket retirement development in Oxfordshire are incensed that the Anchor Trust appears to be intent on permitting sub-letting even though this may be in breach of the lease. In a nationwide policy, Anchor Trust is allowing leaseholders, or their executors, to rent the properties in exchange for a fee of £175 plus […]