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Don’t get caught out by the lease extension timebomb

Estimate the costs of lease extension at www.lease-advice.org Unwelcome chickens may be coming home to roost for people who bought flats in the 1970s and 1980s on relatively short leases of 125 years. Leaseholders have rights in law to extend their leases by 90...

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Luxury Retirement Developments

With the credit crunch creating a lot of competition with retirement properties, developers are having to try that much harder to appeal to purchasers. Offering high end luxurious facilities and all the mod cons you could ask for.
 
Most retirement home buyers have to sell their home to buy which is causing the slow down of sales in this market. Banks are not lending as reliably as before which is leading to very low part exchange prices being offered. If you are currently in a position to buy, you should be able to gain some additional benefits, for example fitted carpets and curtains or an upgrade on your kitchen fittings.

Many luxury retirement properties pride themselves on offering:-

  • Beautiful settings for their properties in attractive landscaped grounds.
  • Amenities including cafés, libraries, shops, hairdressers.
  • Sports facilities such as a gym and tennis courts.
  • Gated communal gardens offering a beautiful and safe environment.
  • Digital television, high speed broadband internet and computer facilities.
  • Gated parking areas with CCTV.
  • Concierge services.

Retirement property owners are not only looking for a new home but a change in lifestyle, with the number of over 50’s now exceeding the 20 million mark, developers sale prices for flats which offer safety and security plus luxurious facilities and stunning surroundings can command five to ten per cent more than for standard properties.

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