March 24, 2017

Exit fees: You have less than 30 days to provide your input

Carlex has published a number of articles about the Law Commission’s work on “exit”/transfer fees, and which sort of charges should be allowed going forward. The end of the public consultation is January 29. One of the problems faced by the project is that while those working in the retirement sector have constantly provided very […]

Important AgeUK event – exit fees

On 19th November AgeUK is holding an event for “older leaseholders” on exit/transfer fees as part of the Law Commissions review of these type of charges. The Law Commission project is just entering the public phase having reached their preliminary findings. The project will end some time next year when they present their formal recommendations […]

Law Commission investigates retirement transfer fees

The Law Commission is reporting its work into the issue of retirement leasehold exit fee here Anyone who has paid these fees, can contact the Law Commission on this email address: transfer_fees@lawcommission.gsi.gov.uk Following a considerable amount of activity by Carlex, the issue of exit and subletting fees was taken up by the Office of Fair […]

‘Curtains for exit and sublet fees’ by Law Commission … but not until March 2017

Leasehold exit and sublet fees have been referred to the Law Commission, which will almost certainly be the end of them. This means anyone selling or renting out a retirement or non-retirement flat should keep all documentation with a view to making a claim in two and half years time.

DCLG leasehold team issue raft of improvements

Retirement exit fees may get the chop, at last! The new DCLG leasehold team, with whom Carlex / LKP has been working closely, yesterday announced a range of measures in addition to “Florrie’s Law” (see LKP) and acceptance that the residential leasehold sector is far larger than was previously thought. They include referring exit fees […]

Office of Fair Trading deal over exit and sub-letting fees with Tchenguiz

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12 August 2012: The Office of Fair Trading (OFT) has secured undertakings from Fairhold Homes Ltd and associated companies (Fairhold) owned by the Tchenguiz Family Trust  to change how they charge and enforce transfer fee terms in their 53,000 retirement home leases. The OFT has been investigating exit fees, […]

End transfer fees, or let LVTs rule on whether they are reasonable, says OFT

Parliament should end the levying of transfer fees – that is, exit fees and sub-letting fees – or allow the Leasehold Valuation Tribunals to rule on their reasonableness, This is one of the key findings in the Office of Fair Trading’s prolonged investigation – published today – into a lucrative and unjustifiable earner that is […]

Court case over Fairhold £1,150 exit fees

A courtroom battle over £1,150 paid in exit fees takes place on January 2, which may prove good news for the Bumblebee Conservation Trust & Buglife which will be getting the money if the action is successful. Susan Wood is demanding back the 1 per cent exit fee paid to Fairhold, a freehold owning company […]

Exit fees: what to do after the OFT/Tchenguiz deal

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12 After a three-year investigation, the Office of Fair Trading finally expressed its view earlier this month that exit fees on sale were “likely” to be unfair … but that they still need to be paid. The announcement came in the form of a deal with the Tchenguiz […]

Carlex activist told OFT exit fee deal with Tchenguiz also includes Proxima

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12  Carlex’s concerns that the Office of Fair Trading’s deal with the Tchenguiz Family Trust over exit and sub-letting fees would be restricted to Fairhold, as indicated on the OFT’s press release of September 6 (see below)  appear to be unfounded. Carlex activist Alan Eadie has received a letter […]

OFT does deal with Tchenguiz to cut sub-letting fees to £85 at retirement developments – but exit fees on sale still stand

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12  The Office of Fair Trading (OFT) has secured undertakings from Fairhold Homes Ltd and associated companies (Fairhold) owned by the Tchenguiz Family Trust  to change how they charge and enforce transfer fee terms in their 53,000 retirement home leases. The OFT has been investigating exit fees, which are […]

OFT announcement on exit fees not as “substantive” as we all hoped … oh, and the timing has “slipped”

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12  When the Office of Fair Trading finally says something about the issue of exit fees, it won’t be concerning the whole leasehold sector but only one single company. This information has been given to a Carlex / LKP activist in an email from one of the OFT’s bureaucrats. […]