‘My flat was £161,950 in 2007 – now I’m offered just £28,000’ When Tony Cross’s father was the first buyer at a McCarthy & Stone retirement development in Folkestone, Kent, he thought he was getting a bargain. The sales rep offered him an “early bird” discount, knocking £3,000 off the cost of a one-bed flat, […]
Guardian reports dismal retirement flat re-sale prices, as seller ponders £28,000 offer
November 18, 2019 By
Disgraceful leasehold houses reported in The Guardian today
October 29, 2016 By
– Urgent issue for MPs of parliamentary group on leasehold next month – Onerous lease terms in taxpayer-aided Help To Buy scheme – Ground rents doubling every 10 years from plc housebuilder The disgraceful and increasingly widespread scandal of plc housebuilders selling leasehold houses is reported in The Guardian today. It can be read here The […]
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 […]
Average non-retirement service charges are £1,863, but rise to £2,777 for new builds
March 9, 2016 By
The average annual property service charge in Britain is £1,863The service charges for new builds are 96 per cent higher than older properties and average £2,777 Ground rents are on average £371 a year for new build and £327 for pre-2016 properties. A third (33 per cent) of management companies have increased service charges in […]
