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 […]

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 […]

Rebellion at Blagdon Retirement Village over 12.5% exit fees

Residents at Blagdon Retirement Village, an upmarket retirement complex near Taunton in Somerset, are mobilising to fight 12.5 per cent exit fees involving all Retirement Village sites. Blagdon is a complex of 85 cottages, bungalows and flats “clustered around Blagdon Lodge where communal facilities can be found”. With 20 “interest and social groups”, the Lodge […]

Trapped in a Retirement Villages site: once you are in, how do you escape?

The following is from  residents in a Retirement Villages site, who are trapped as exit fees are a staggering 12.5 per cent. Selling up in such circumstances is very difficult, leaving aside the likelihood that capital values have almost certainly taken a hard hit. It is difficult to advise in these circumstances. Retirement Villages are […]