LKP / Campaign against retirement leasehold exploitation has not been backward in criticising Peverel / FirstPort over the years. However, it is reasonable and fair that the company’s achievement in getting on top of the service charge accounts is recognised. Here FirstPort CEO Nigel Howell (below right) explains that more than 99% of its service charge […]
Low cost right to manage, from Urban Owners (which has done nearly 500 of them)
October 27, 2016 By
– Tech savvy company manages large, complex, mixed-use sites right down to conversions of two flats – More than 450 RTMs completed for leaseholders The latest property management company to become accredited to LKP / Campaign against retirement leasehold exploitation is Urban Owners, which is an acknowledged expert in gaining leaseholders the right to manage. […]
The Guardian reports the £8,000 a year ground rents at Blythe Court
October 22, 2016 By
The Guardian newspaper has today reported the Blythe Court ground rent scandal that has left leaseholders with bills of up to £8,000 a year. In 95 years the ground rents can reach £8 million a year for a one-bedroom flat bought for £58,000, says the article, written by Guardian staff reporter Rupert Jones. It quotes […]
Guardian reports Warner Court breaking free from FirstPort and Tchenguiz
October 15, 2016 By
The Guardian newspaper today reports the right to manage struggle at Warner Court in Camberley, Surrey, and its efforts to break free of the Tchenguiz / FirstPort management. There has been a cascade of retirement right to manage applications this summer. Campaign against retirement leasehold exploitation reports the issues of Warner Court here Many retirement […]
Private Eye reports challenge to ‘scandal’ of lease extension values
September 28, 2016 By
Private Eye today published reports of the legal challenge to the “scandal” of lease extension valuations mounted by chartered surveyor James Wyatt. Wyatt, a former head of valuations at John D Wood, is urging the adoption of a more mathematically robust method to value short leases: that is leasehold properties, usually flats, that have less […]
Campaign against retirement leasehold exploitation is ‘slanted’ over retirement resale prices. The picture is more positive, says McCarthy and Stone
September 16, 2016 By
Statement from McCarthy & Stone The majority of properties managed by McCarthy & Stone have increased in value when resold (based on data relating to managed properties resold in 2016 to-date) and historical data suggests around a third of all our properties outperform their local market. In addition, our newer properties are better-placed to retain […]
The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’
September 10, 2016 By
The Times today (September 10 2016) reports the research by Campaign against retirement leasehold exploitation 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 Campaign against retirement leasehold exploitation / LKP patron Sir Peter Bottomley, who earlier […]
Woman, 81, ‘sells retirement bungalow after being threatened with police by Healthcare Homes’
September 9, 2016 By
A woman in her eighties who was threatened with the police by Healthcare Homes was so upset by the incident that she has sold her retirement bungalow and moved out. Heather Moore, who is now 82, was a resident at Healthcare Homes’s Oaklands site, in Reydon, near Southwold in Suffolk. Mrs Moore believes that she […]
Abysmal retirement housing values revealed on the Land Registry
September 5, 2016 By
Campaign against retirement leasehold exploitation 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 Campaign against retirement leasehold exploitation from figures in the Land Registry. For years we have been saying that […]
Welcome to Spire View, our commonhold retirement paradise
August 25, 2016 By
– 16 commonhold properties in Pickering, North Yorkshire, originally for over-55s – Built by New Zealand architect, who did not exploit the monetising possibilities of English leasehold law – Swimming pool, guest suite, communal gardens, orangerie, underfloor heating, communal boiler – Three still for sale. £2,000pa service charge Spire View in the attractive market town […]
Methodist Housing Association flat falls 40% on re-sale, says BBC Radio 4’s You and Yours
August 24, 2016 By
… 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 […]
Freemont Property Managers in show-down over RTM at Grace Darling House
August 13, 2016 By
Next Wednesday former chief executive of Peverel Retirement Keith Edgar will try to persuade residents at Grace Darling House in Poole to appoint his new company Freemont Property Managers to take the site right to manage. A minority of residents are deeply concerned at the proposal, with many feeling that they would be better off […]
