Hello, I have been trying to sell my deceased aunties 1 bedroom McCarthy and Stone retirement apartment for nearly a year now, I've had 1 viewing and 0 offers, the price has been dropped by £15,000 over the time its been on the market and i'm having to pay the service charge, council tax and ground rent for the property. In December, the g . McCarthy & Stone said its revenues had risen 4 per cent to £660 million in the year to August. All our homeowners pay an annual service charge. Thank you messages; FAQs; Buddy scheme; Content and resources. Stamp duty holiday. Though these cookies cannot be switched off, you can set your browser to block or alert you about them, but please be aware that this will stop some parts of the website from functioning as intended. Find out more about strictly necessary cookies here. When we use the information from these cookies it is grouped together and therefore anonymous. Stamp duty holiday. The following data looks at initial resales to December 2019 by our in-house Resales team. Try Nationwide’s affordability calculator › Advertisement. Greater flexibility, making your move that bit easier 0800 201 4811 Other numbers. Money Mail found a similar trend with McCarthy & Stone developments across the country. This is in the North as well! If you decide to rent out your home, the subletting contingency fee is 1% of the yearly rent you charge. 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. No estate agents fees to pay; You’ll enjoy our free Smooth Move service, which includes free removals and up to £1,000 towards solicitors fees. I know that very recently McCarthy & Stone has begun their own Resales agency and are offering more support in this area which I see as a critical part of their marketing message. If you’d like to sell your McCarthy Stone property call: Helping you to understand exactly why we have a service charge, how we calculate it and what it pays for. Find out more about functional cookies here. We use this information to make our website more relevant to your interests. The family chose McCarthy and Stone Resales to handle the sale of the apartment and they proved very efficient and could handle all the details that were needed to answer buyer questions. McCarthy and Stone provided a statement to Better Retirement Housing and Leasehold Knowledge Partnership. Find out more about marketing cookies here. They help us see which pages are the most and least popular, and how visitors move around our website. FEATURED PROPERTY Property ... Rightmove receives a fixed monthly fee from Nationwide for introductions made via the Rightmove platforms. Everyone living in a development is invited to an annual budget meeting to discuss the proposals. McCarthy & Stone Resales The retirement housebuilder has now launched a national in-house Resales division to support those wishing to buy or sell a McCarthy & Stone pre-owned retirement apartment. To find out more about McCarthy Stone Resales, call us on, Find your dream home with McCarthy Stone Resales, Our in-house service specialises in selling McCarthy Stone managed retirement properties, Discover our award-winning preowned retirement properties for sale in the UK, We now manage all the developments we build, ensuring the level of service and quality of the development is kept at a high standard, We remain as the Landlord, meaning there are no third parties to deal with, We have moved from selling 125-year leases to 999-year leases, We have set up an in-house Resales Team, who are best placed to promote the benefits of living in a McCarthy Stone property and maintain a database of people interested in buying, We have improved our products by providing more internal space, additional car parking and enhanced kitchens and bathrooms. Call Get in Touch. The following data looks at initial resales of properties that had benefited from more of our changes (i.e. By clicking "Accept all" you agree to our use of cookies or, you can click on the list items to find out more and manage your preferences. The budgeted costs are presented every 12 months. This charge allows us to take care of the day-to-day running of the retirement development, like maintaining the communal areas and gardens on your behalf - so you can focus on enjoying active retirement living. The Resales team specialise solely in McCarthy & Stone managed retirement apartments and being an in-house service, has a unique understanding of retirement living and the services on offer. The article, headed “Exit Fees – Poor Resale Values: I recently posted similar information regarding a McCarthy & Stone Development built 2005/06. To find out more about our Service Charges call us on, Paying for the House Manager – they ensure the development runs smoothly, All maintenance of the building and grounds, including window cleaning, gardening and upkeep of the building exteriors and communal areas, Monitored fire alarms and door camera entry security systems, Buildings insurance, water and sewerage rates, Paying for the Estates Manager – they ensure the development runs smoothly, Staff on-site 24/7 for your peace of mind, The running costs of the onsite bistro/restaurant (there is an additional subsidised charge for meals/drinks). Not only will you be avoiding a dreaded property chain, but you won’t need to pay estate agent fees. Thank you for the taking the time to share your experience with McCarthy & Stone’s Resales team. By choosing McCarthy & Stone Resales sellers will benefit from a variety of sales and marketing activities carried out by our specialist team, including: ... We charge a 1% sinking fund contribution (known as the contingency fee), which is paid on resale. We keep this cost to a minimum by adding to the fund with a one-off charge of 1% of the resale price when an apartment is sold. ), *These figures are correct up to 30 June 2021. The family chose McCarthy and Stone Resales to handle the sale of the apartment and they proved very efficient and could handle all the details that were needed to answer buyer questions. Added on 06/12/2019. How much can I borrow? Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland. That’s why we charge a small contingency fee, included in the service charge, to cover planned maintenance and renewals in the future - e.g. McCarthy Stone homeowners/tenants call: 0333 321 6451. Our partners may also use information recorded by these cookies to see how well their adverts are performing. Stay fit; Have fun; Friends and family; Good mood food; Move for free . * To speak to your sales consultant about part exchange call: 0800 201 4811 . 03455 564122 Local call rate. Find out more about strictly necessary cookies here. We believe the charge provides good value for money and always aim to be transparent and competitive. You can use this 'Manage settings' feature to switch on or off certain types of cookies, although some cookies are necessary for our site to work correctly. Each and every property is designed with one thing in mind – to make your life easier – and all our resale apartments are built to the highest standards. McCarthy & Stone shareholders say yes to £647m takeover bid for the retirement home builder from private equity firm Lone Star. One month's rent free. In particular: As part of this long-term focus, our expert Resales teams are able to communicate all the benefits retirement living brings to prospective purchasers. Thank you messages; FAQs; Buddy scheme; Content and resources. 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. Award-winning retirement communities. McCarthy & Stone is the biggest builder of retirement flats in Britain, with 1,200 developments across the country, and sales of about £700m … McCarthy & Stone Resales are fortunate to have built a renowned reputation and are generally the first point of call for anyone seeking a preowned retirement property in the UK. Find out more about functional cookies here. To this end, we have changed dramatically since 2010 to make a big difference to our products and services. McCarthy & Stone … You can use this 'Manage settings' feature to switch on or off certain types of cookies, although some cookies are necessary for our site to work correctly. We reproduce it in full below. Stay fit; Have fun ; Friends and family; Good mood food; Move for free. You are here: Home / News / McCarthy and Stone / The final exit fee – it’s your funeral, from McCarthy and Stone. Click to read. The article, headed “Exit Fees – Poor Resale Values: I recently posted similar information regarding a McCarthy & Stone Development built 2005/06. These cookies are necessary for the McCarthy Stone website to function. McCarthy & Stone Resales Limited, registered in England and Wales with registered number 10716544. Try Nationwide’s quick quote calculator › Advertisement. At every stage of the process they have been knowledgeable, courteous and the support they’ve given me has gone well beyond the selling process. 03455 564122 Local call rate. the refurbishment of interior decor, replacement of windows and maintenance of the roof over the next 25 years. Greater flexibility, making your move that bit easier. My parents are buying a retirement flat from the specialist developer McCarthy & Stone. Contact us today on 0800 201 4811. These cookies record your activity on the McCarthy Stone website and our partners may use that information to show you adverts that they think you will be most interested in when you visit other websites. Resales; Coronavirus advice and info. The information used by McCarthy Stone can give you a more personalised experience on our site. Our Resales service has seen a c.3.2% net price increase per sale on an average since its launch in 2017, including anything we paid for on behalf of our customers. The Times September 10 2016) reported, research by the Campaign against Retirement Leasehold Exploitation into re-sale values. By part-exchanging, you can sell your existing property quickly and easily, and you’ll be in your resale McCarthy & Stone apartment before you know it. ... up to 30 per cent of the resale price on exit, which goes to the developer. Resales shepherded the sale chain and helped the sale through to completion even … For a typical Retirement Living apartment (based on Atwood House in Sanderstead), the service charge is £48.93 a week for a one-bedroom apartment and £73.36 a week for a two-bedroom apartment*. Our use of these cookies might also mean that you see McCarthy Stone adverts when you visit Facebook. We use small files called cookies to personalise your experience of our website, improve its performance and show you more relevant content. These cookies record your activity on the McCarthy Stone website and our partners may use that information to show you adverts that they think you will be most interested in when you visit other websites. McCarthy Stone offers a lot more than an exciting new home. One month's rent free. For a typical Retirement Living PLUS apartment (based on Chesterton Court in Ilkley), the service charge is £138.27 a week for a one-bedroom apartment and £184.31 a week for a two-bedroom apartment.*. Let our experience enhance your experience of later life. A family selling a McCarthy and Stone retirement flat with a rip-off lease condition have been saved £25,000 after the case was taken up by LKP. McCarthy & Stone’s ground rents are fair and stable and set at the outset of the development. The information is provided and maintained by McCarthy & Stone Resales, Bournemouth. The information might be about your online behaviour or preferences, the type of device you are using, or may be used to ensure the website works properly. Resales; Coronavirus advice and info. Other than the House and Estate Management teams, we do not provide any of the services ourselves but instead get quotes from providers. 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. McCarthy & Stone Resales is having a positive impact when it comes to supporting those who wish to resell their retirement properties, as well as helping new customers experience what a retirement living lifestyle is all about. 03455 564122 Local call rate. The builder has completed 2,302 homes, up from 2,296, at an average selling price of £273,000, The Times said. 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