March 25, 2017

Carlex and AgeUK reject Law Commission draft on exit fees

Law Commission backs developers over huge exit fees, and dumps OFT qualms over ‘likely’ unfair contract terms What began as an exercise supposedly to help pensioners and their families facing exit fees in retirement properties has ended up with the Law Commission backing the charges. The Law Commissioner Stephen Lewis met Carlex / LKP last […]

Methodist Housing Association flat falls 40% on re-sale, says BBC Radio 4’s You and Yours

… So about average for our dismal retirement housing market BBC Radio 4’s You and Yours programme featured retirement housing this afternoon in an item on the Methodist Housing Association. It can be heard here at 08:09. Penelope Garnham’s mother, who died in February 2012 aged 96, paid £125,000 in 2007 for a flat in Rowanberries […]

Law Commission outlines ‘event’ fee report, but still wants to hear from leaseholders

About 100 of those who have contributed to the Law Commission report into retirement housing “event” fees were invited to an evening get-together at Westminster last Thursday. There was wine and canapés and gossip, after attendees had digested the evening’s theme “Building Fairness: Growing a housing market older people can trust”. Esther Rantzen was the […]

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 […]

Law Commission: Don’t ignore £318 ‘information packs’ that leaseholders have to pay

As well as exit fees, monopolising estate agency with exorbitant charges, sellers of retirement property also have to pay for ‘information packs’ to the property manager and the freeholder. Here, Alan Eadie, a long-standing supporter of Carlex who is a leaseholder at Homepine House in Folkestone, tells the Law Commission to include these information packs […]

Exit fees and retirement estate agency: You now have 29 days to act

In the second of our articles on the Law Commissions work on exit/transfer fees, we turn to their survey of some of retirement company web sites. Again the picture is very mixed in terms of how clear each company is in providing information about the fees that leaseholders face. As well as “exit” fees the […]

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 […]

Transfer fees: the Law Commissioner Stephen Lewis wants to hear from you

Just as George Osborne backs huge expansion of the wretched state of retirement housing provision in this country, up pops the Law Commissioner Stephen Lewis to point out one aspect that is very wrong with it: exit fees, or now called event fees. And he wants to hear your views on the subject before January […]

Carlex is right to ‘expose outrageous behaviour of cowboys’, says Law Commissioner Stephen Lewis

Carlex has been right to expose “expose the outrageous behaviour of cowboys” in the retirement housing sector, the Law Commissioner Stephen Lewis told MPs and key leasehold figures at Westminster. The Law Commissioner, who is presiding over an inquiry into leasehold “event fees” (triggered by events such as sale or subletting), said that the law […]

Carlex becomes a registered charity

The Charity Commission this week approved the Leasehold Knowledge Partnership / Carlex as a registered charity. Its registered details and charitable objectives can be read on the commission’s website here “We are satisfied that LEASEHOLD KNOWLEDGE PARTNERSHIP is a charity and it has been entered onto the Register of Charities with the Registered Charity Number […]

Peverel / FirstPort paid ‘£40,000′ of residents’ contingency fund money to Mr Tchenguiz ‘by mistake’

In an extraordinary admission, Peverel / FirstPort says it has paid over thousands of pounds of contingency funds at Hillside Court, Ormskirk, to the landlord “by mistake”. Residents estimate that up to £40,000 is at issue, involving the one per cent contingency fund fess payable on sale of the properties.

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 […]