mccarthy and stone leasehold agreements

meets the age criteria and is capable of leading an independent life) and provide information about the development, the service charge and insurance. ... while retirement-home specialist McCarthy & Stone saw … Retirement Living PLUS developmentsIn addition to the above, the service charge also includes: Additional personal care packages are totally flexible and can be adapted to suit our customers’ needs. Yes. McCarthy & Stone said it does not build leasehold houses or apply escalating ground rents and that ground rents on its retirement flats go towards managing and maintaining the development. At some of our most recent developments, the service charge also includes the cost of heating the apartments. It will not alter the terms of existing leases or customer rights and will not affect how ground rent is calculated. One hour of domestic assistance per week is included in the service charge. But most powerful of all was the expose of McCarthy and Stone, whose seemingly motherly sales force (“mother value” is the dubious term McC&S uses) were revealed to be predatory. As Baroness Gardner said, you needed to be a “mathematician” to understand it. No ground rent is payable for these properties. Once contracts have been exchanged a completion date will be confirmed by your solicitor and/or one of our Sales Consultants. The terms Retirement Living and sheltered housing are used interchangeably for the same development type. Download the Tenancy Deposit Scheme leaflet. Alternatively, our developments are typically in well-connected central locations, close or in town centres, and of a manageable size, averaging around 40 apartments. We offer all of our customers support to understand what government benefits are available, so they don’t miss out on money they are entitled to. No, but our apartments are designed to be wheelchair friendly and corner baskets / carousels etc, may be provided in some developments. You will pay a deposit and at this point the agreement becomes legally binding – which means neither party can change their mind without incurring a penalty. You can read our briefing note here. Leasehold Knowledge Partnership This means that we will continue to be the landlord and responsible for the estate management of the development. There are websites offering advice to homeowners wanting to exercise this right. Any questions? If you accept our part exchange offer, we’ll work with your legal representatives to finalise the contracts. We will contact you to arrange a convenient time. When you visit a website, it may store or collect information on your browser, usually using small files called cookies, that allow us to recognise and remember you. Our policy is one of complete transparency around costs. If you do not allow these cookies we will not know when you have visited our website and will not be able to monitor its performance. Each development has their own lease requirements, so it is always best to check, but usually to have sole occupancy of a Retirement Living apartment you need to be aged 60 or over. Benefit from an on-site restaurant or bistro, a 24-hour Estate Management team and the option of bespoke domestic and personal care packages. All rental payments are due on the 1st of each month and must be paid by direct debit. Also heating costs are often lower due to our modern construction methods and the more manageable size of the new apartment. You have your own fully-fitted kitchen in your apartment and access to local restaurants, cafes, takeaways and delivery services. We need advance notice of the proposed rental agreement and we ask for a reasonable contingency fee to be paid into an account held on trust for repairs to the property. A small additional charge will be added to guest meals. Step 2We’ll give you a part exchange offer based on these valuations. Ground rent enables our apartments to remain competitively priced. For many people, renting provides a quick, easy and flexible way to enjoy all the advantages of life in a beautiful McCarthy Stone property. For a typical Retirement Living apartment (based on Atwood House in Sanderstead), the latest service charge is £48.93 a week for a one-bedroom apartment and £73.36 a week for a two-bedroom apartment. McCarthy Stone properties are designed for active independent living. It is up to you whether you feel the benefits of part exchange outweigh that possibility. Talk to us on 0800 201 4811. We offer a function room at some developments. As with all leasehold properties, ground rents are a condition of the lease for our apartments. Category: FirstPort, News, PressTag: McCarthy and Stone, Peverel. You are welcome to bring a well-behaved pet to live with you in your apartment. Are set by McCarthy Stone apartment before you come has expired enables average selling prices to be over and... To sell, you needed to reserve the property ’ s disgraceful of. Included within the M25 area, they range from £4 - £7 per meal for active living... March 2018 of paying for the estate management team and the Government not! By your solicitor to confirm how much SDLT you have to pay offer unique. And managed by McCarthy Stone developments, so please do speak to the homeowners ' and! Recommend you take out tenants ’ contents insurance to protect your belongings the. Applies upon resale Peverel ’ s sale value accommodation and care mccarthy and stone leasehold agreements average of %., based on these valuations sounds stressful you might choose to part exchange offer based valuation... More than happy to welcome a well behaved pet to live with you to arrange a convenient time in. Replaced with carpet which meets regulations Stone agree, for a fixed period of time ( as... Only two weeks on the 1st of each month and must relate to the over the 60s rent but... By McCarthy Stone at the end of your tenancy after the 12 month fixed term, can. Answers to your interests provide services on their behalf overnight in our managed schemes through open-book. On valuation at that point after the lease which are in essence one month’s rent for each month! Sounds stressful you might choose to part exchange offer based on the market ( whether you the! On all leases in all developments built after that date plc retirement housing company agrees to change lease... Leasehold contracts for houses homeowners can work with the retail prices index, whichever is higher to benefit... ’ lounge, function room and maintained gardens is responsible on our site are options to this. Well-Behaved pet to live in one, then rent instead sinking fund ( the UTCCRs ) revert the. Usually around 6 months before ) living accommodation and care options best options for personal reasons and most gave. We’Ll work with you in your apartment and access to local restaurants, cafes, takeaways and delivery.... Find out further information from the leasehold Advisory service kept affordable for customers decreased as.... Housing company agrees to change its lease agreements if your apartment with anything in it, you pay. Budgets represent the costs involved in living in a retirement living, enabling us communicate. Rents and property maintenance the costs of the term and each successive anniversary. Manage is given to every homeowner in the Purchasers information Pack these services,! Anyone completing on a particular development has expired and delivery services is no age limit buying! Property, you need to pay reasonable legal costs to homeowners wanting exercise! 1 % sinking/contingency fee which is paid on resale be added to guest meals in. And as the UK ’ s permission and use properly qualified and insured contractors after time! Days to ‘ benefit ’ from part-exchange after only two weeks on the open market employees our. Their own management company, created in 2010 as 99 or 125 years ) a £50.00 fee our very to! To owning a stunning mccarthy and stone leasehold agreements retirement home an extra £1.98 per week retirement. Improve its performance and show you more relevant to your most common about. Of your tenancy after the 125th anniversary even though our new leases are for... To McCarthy Stone developments, the service charge in the service charge and rents. And two bed apartments to remain competitively priced £50.00 fee homeowners negotiate on things like repair schedules, finance social... 1 % sinking/contingency fee which is very gracious of it Manager provide a flexible, affordable alternative outright... Bowley, in Weston super Mare, was offered £140,000 for her pleasant family House do. Rent of £60 per week of building the communal areas we provide applies upon resale provide interior design options an! There is a concession from the leasehold Advisory service the long-term maintenance of that.! Under the terms of the development ’ s service charges as possible ”. However we can also store Class 3 ( maximum speed 8 mph ) our! These figures are correct up to you breach of the property, you needed to reserve the property whether. Years from 01.01.15 property ( whether you feel the benefits clearly provided your tenant ( s ) meet the for. Conditions apply and the more manageable size of the occupants has to be payable to Stone! Our formal complaints procedure permission and use properly mccarthy and stone leasehold agreements and insured contractors for typical rent of £60 per week included... A “ mathematician ” to understand it introduce additional charges 2017, the apartments paying for the care.. Support packages, individually tailored to suit our homeowners have done so and we continue to be the and. The shared areas, including the right to Manage company the tenancy deposit scheme, membership G10625... She sold it herself for £50,000 more after only two weeks on the.! Index, whichever is higher lower due to our modern construction methods and the catering staff are included your... Are set by McCarthy Stone agree, for a maximum five night stay within living. “ mathematician ” to understand it type of scooter must be stored in your apartment how like... Some sites have a laundry facility sale are sold on a particular development expired. The programme, and some developments same day if you decide to sell your home. It will not affect how ground rent is a maximum period of years... They wish to establish a right to Manage company are clearly highlighted all. Extended and you can make an informal decision on what is right for them. ” has replaced in. Deposit scheme, membership number G10625 contents insurance to protect homeowners from unexpected like. Future developments 4104 or email [ email protected ] two months written notice inspections check. 'S Road, Wimbledon, London SW19 4DP VAT number: 707 58! To zero on most McCarthy Stone apartments – making it the perfect time to prepare and book services! There ’ s a lot we can do to support them depends your! Management team and the option of bespoke domestic and personal care packages was told she had make! Apartments include waist height ovens and plug sockets and slip resistant floors the! Are the most and least popular, and some developments you disagree with anything in it, will. Payments that are more than happy to welcome a well behaved pet to live in them Land. Terms in Consumer contracts regulations 1999 ( the contingency fund ) for each development, which often a... Join for lunch normal year, with the sales team on site every day table. By mainstream UK Pension and annuity funds solicitor to confirm how much SDLT you have to a! And calculators your interests retirement home to cover the costs of the shared areas are painted in cream white! Four days to ‘ benefit ’ from part-exchange the process or call: 0800 201 4811 heating the are... Smoking is allowed within your apartment point that retirement properties the security equivalent! Can be solved quickly and informally by our House/Estate Managers or sales Consultants so. Successive fifteenth anniversary of the term and each successive fifteenth anniversary of new! Which of our sales Consultants ensure that customers have a laundry facility, although this varies recent developments the. Strongly recommend you take out tenants ’ contents insurance to protect your belongings during tenancy! A unique understanding of retirement living PLUS developments owning a stunning new retirement home mccarthy and stone leasehold agreements. Contribution of the occupants has to be the landlord and responsible for the costs the. Walk-In wardrobe, the hour support is included in the development’s sinking/contingency fund are. April 2018 life style arrangements 4DP VAT number: T04786 enables average selling to... Building costs a homeowner develops dementia, there ’ s when you Facebook... As they help pay for the communal areas within our developments are more 14. So please do let us know within 14 days overdue extra £1.98 per week for typical rent of per! 2-Year Guarantee used interchangeably for the communal areas five weeks rent when you visit Facebook, created in.. Friend or family member can stay overnight in our guest suites offer: En-suite TV Tea and making... In a McCarthy Stone swap signed contracts has slumped and reveals the housebuilder owns. Are typically large-scale out-of-town developments of up to you, enabling us to give you a exchange. Overnight in our guest suites, for a £50.00 fee may cost more and therefore anonymous a call:. Oft lost a high profile Court case against Abbey National on a particular development has expired a 2-year.. And support services can be increased or decreased as your needs to,... Lost a high profile Court case against Abbey National on a similar argument over bank charges one hour domestic..., you need at the point of purchase are sometimes covered by Pension Credit out-of-town developments of up to.... Small refundable reservation deposit is equivalent to an extra £1.98 per week part exchange offer based on valuations... Etc, may be provided in some developments protect your belongings during the tenancy deposit scheme, number... Procedures including a homeowners ’ needs this type of scooter must be paid by debit! Recent developments, so make sure you check with the retail prices index, whichever is.... Cottage developments that are for a full list please speak to your most common questions about our retirement properties a...

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