April 24, 2017

The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’

The Times today (September 10 2016) reports the research by Carlex into re-sale values recorded on the Land Registry for retirement properties. The article, headed “Exit fees and poor resale values: the uncomfortable truth about retirement homes”, quotes Carlex / LKP patron Sir Peter Bottomley, who earlier this week established the All Party Parliamentary Group […]

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 […]

My contingency fund fee on sale paid to modify these six-month old gates

The Carlex reader “Fleeced” thinks contingency fund fees paid on sale are a rip-off and Carlex is wrong not to oppose them. She bought and sold a flat after only six months and had to pay out her contingency fund contribution. Worse, it was needed to pay for new underground carpark gates which might reasonably have […]

My six week wait … to pay Estates and Management £5,000

Helena Taylor, the daughter of a former resident in retirement leasehold, is furious that the sale of the property has been delayed by six weeks by Estates and Management.