Gaming the new ground rents ban by introducing them at the last possible minute was damaging to the entire retirement housing sector and “we need this like a hole in the head”, said the Association of Retirement Community Operators at its annual conference yesterday. Michael Voges, ARCO chief executive, deplored bad practices in retirement housing […]
Anchor and Hanover in talks to merge
June 8, 2018 By
Two housing associations which also build and sell private leasehold retirement properties are planning to merge. It is claimed that the proposed merger would make both organisations more efficient and allow economies of scale in employing contractors. A leaflet sent to residents of the associations says of the merger: “A new bigger organisation would be […]
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 […]
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 […]
Anchor CEO makes donation to Campaign against retirement leasehold exploitation
June 13, 2016 By
Campaign against retirement leasehold exploitation and the Leasehold Knowledge Partnership would very much like to thank Jane Ashcroft, CBE, the chief executive of Anchor housing association, for a donation last week. At the launch of Lord Best’s Making Retirement Living a Positive Choice at the House of Lords, Jane noted that the resources of our […]
Family hit with £9,341 contingency fee charge on Anchor’s Cherry Trees flat …
January 1, 2016 By
… 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 […]
