March 25, 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 […]

Let us into our dear mum’s flat … No, says Retirement Security. She did not want you in, and police have been notified

The two sons of 96-year-old Margaret Fenn, who had a stroke last Wednesday and is in hospital, have appealed to Carlex after being barred from her flat by Retirement Security. This is the retirement housing firm headed by founder Bob Bessell. In a communication that was sent to the local MP Robert Syms and others, […]

Bob Bessell hands £7 million of retirement freeholds to the residents

… and the housebuilder wants an end to ‘feudal’ ground rents, too! Bob Bessell, founder of housebuilder Retirement Security, yesterday pledged to leave his freehold portfolio – worth £7 million – in a trust controlled by the pensioner residents at his sites. The undertaking was made at a Westminster roundtable organised by Carlex / LKP […]

Carlex Westminster roundtable on retirement housing

On April 28 there will be a Carlex roundtable on retirement housing at Westminster. The purpose is inform MPs of the issues in retirement housing, and to suggest how it could be further improved. There have already been shifts in position by retirement housebuilders: 999 year leases are becoming more widespread, and some retirement providers […]

AgeUK: Retirement leasehold IS NOT WORKING and needs urgent reform

– Self-regulation (by ARHM, ARMA, RICS) has failed – Leasehold tenure itself disempowers residents and makes them vulnerable – Commonhold should be explored – Right to manage needs to be made easier for the elderly – LEASE’s ‘problematic’ role serving all sides in leasehold – CMA’s skimpy Ipsos MORI poll ‘should not be used as the basis […]

McCarthy and Stone float: before we expand retirement housing, here are a few urgent reforms …

COMMENT So the sharper end of the City reckons its punt on retirement housing may pay off next year. The Sunday Times article on the possible float of McCarthy and Stone was preceded by one in the FT, here According to the FT a number of investment banks have been in contact with McCarthy and […]

Bob Bessell: Expelled from ARHM, but this is how retirement residents should be set free

Bob Bessell, the chairman of the developer Retirement Security, has issued a statement to Carlex explaining why his company was expelled from the ARHM. The ARHM announced the decision to expel the Stratford Upon Avon company, but gave no details of the dispute.

ARHM will not explain why it expelled Retirement Security, but it was ‘nothing to do with Keith Edgar’

The expulsion of Retirement Security from the Association of Retirement Housing Managers (ARHM) had nothing to do with the role of Keith Edgar, Carlex has been told. Paul Silk, the ARHM chairman, informed Carlex: “The statement which has been provided to members is the extent that we wish to make comment on this matter save […]

ARHM expels Retirement Security … Did it oppose role of Keith Edgar?

The trade body the Association of Retirement Housing Managers has expelled one of its long standing members: Retirement Security. It was purged because of opposition to an ARHM board decision by Retirement Security’s chairman Bob Bessell – himself a former chairman of the ARHM.