I’m not at all happy about that, as it seems unreasonable to refuse access for this purpose. FUN READING THIS BUT HAVE TO FIND WHERE I CAN REGISTER A COMPLAINT. In terms of value it’s absolutely disastrous – we have probably lost 25-30% after four years against a local market that has been rather buoyant. Currently 25% of the flats are up for sale. … – I’ve already got cold feet. Her style was entirely unsuitable and she bullied residents. McCarthy & Stone has ended its nine-year partnership with Somerset Care and will directly deliver care, domestic support and property management services across its 92 Retirement Living Plus (Extra Care) sites.. As part of its strategy to move from a housebuilder to developer, manager and owner of retirement communities it agreed a ‘consensual conclusion’ of its partnership with Somerset Care. Strong minded and always wanting a challenge. No one wants to make an investment which is bound to lose. problems with water ingress are yet to be resolved. McCarthy & Stone said that since 2010 it has run its own management service on new sites and no longer sells the freeholds to other parties. We have 6 weeks marketing time to get it sold subject to contract. Unfortunatly Covid 19 raised its’ head. Is it specific to the ‘Plus’ part of the offering (ie the personal care and restaurant facilities) or could it apply to any Retirement Living development as well? I can’t speak for McArthy & Stone but any form of sheltered housing may not be a good long term option if your farther has dementia. Dear joby and service charges. (you can see my earlier posts by clicking on “Retirement Housing” in the Topics list). Loops work very well when there is a speaker giving a talk, but unfortunately not when several people are chatting at once. And while various repairs are still going on in a few more flats too, not many of us want to move. It is said that these profits came at the expense of the elderly and vulnerable that purchased properties in good faith, only to find they were stuck with excessive charges in the print of their leases. POOR PLANNING. Change ). I started this thread about retirement housing when I wrote a post a few weeks ago on a very upmarket scheme in London. We’ve reserved a flat off-plan. Change ), You are commenting using your Twitter account. The reality bears only a passing resemblance to the description from the sales agent There were lots of construction issues that blighted the development and the operation of the restaurant and associated facilities have been really poor. If we can get past this stage, I’m hopeful that she’ll be very happy there! We gather those staff have been cut back and at the moment it is unlikely the company will pay. The company has also supported several smaller charities. A source close to the deal insisted it was not loaded with debt, and that service charges would not be ramped up. Ten years ago my Mother was persuaded by hard sell techniques to part-exchange her bungalow for a one-bed M&Stone “apartment” in Reading, Berks. Flats on the upper floors had water ingress through the ceilings. They now have sub-divided their products into three basic divisions. As with all mirages it takes time to recognize what is in front of you. The vote on the deal, which took place yesterday, saw almost 80% of votes cast in favour of the takeover after Lone Star increased its offer for the company. We and other residents here are visiting a neighbour in hospital because her relatives are even older or live upcountry. It may well be that our children may not get quite so much as they would if we had bought a bungalow or whatever but we could not wish for anything better so far. Some friends of mine moved in at that time. I was initially not sure I wanted to move, it was husband that was keen, but I was happy here from day one, other than having to exert quite a bit of pressure on M&S to right a building fault. M&S costs and like many builders and developers, there are things we think are definitely less than 100% value and certainly not the dream as advertised. The window Charges for MCCARTHY & STONE RETIREMENT LIFESTYLES LIMITED (06622231) More for MCCARTHY & STONE RETIREMENT LIFESTYLES LIMITED (06622231) Filter charges Filter charges Outstanding / part satisfied 152 charges registered 45 outstanding, 106 satisfied, 1 part satisfied Charge code 0662 2231 0132. But they continue to take, as they did in 2018, the full service and maintenance charges of £250+. See insights on McCarthy & Stone including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Try living in one of these properties with a nightmare of a house a manager. Thanks for these helpful reviews. Made a visit to new development at Walmsley Place, Bishop’s Waltham some time ago. There is little compassion for the residents or interest in their wellbeing. ( Log Out / But, if you buy off-plan into a new development you have to exchange contracts before your flat is ready to live in. Many thanks for the comments on the advantages of living with McCarthy & Stone and the openness of the service charge process, we greatly appreciate you covering these aspects. I asked to be taken off their register but continued to receive correspondence from them. 1. There is no intrusion if you don’t want it and some residents are rarely seen as they are busy with their own activities. Work has started a week later, today, as another emergency took priority. A few miss their gardens but we all have balconies and on the whole I think the company, proximity to shops, and knowing help is always at hand more than makes up for it. McCarthy & Stone’s charity partner for 2019 was Beanstalk, a national learning and literacy charity for young children. Sadly for one reason or another we didn't end up buying through McCarthy & Stone Resales, but even so Steve Grist offered some very helpful and timely advice to support our purchase of an older 1996 McCarthy & Stone flat in the town. The management company has little interest in anything other than making profit and there was a culture of harassment and bullying from management. I cannot smile, maybe wryly with scepticism. The board of Bidco - a wholly-owned indirect subsidiary of Lone Star Real Estate Fund VI - made the offer today. Most new builds in the retirement market these days have a loop system installed in the communal lounge where it is most needed. He tracked this to the adjacent built in wardrobe and removed the boxes on the floor. All we need is decency and accountability. The HIU units were supplied customised to the requirements of each project, … I have asthma and some sensitivity to various chemical and environmental smells; Jamie deemed it an emergency needing repair immediately and sealed it shut. McCarthy and Stone has profited the most from the retirement leasehold racket and yet has curiously not been the focal point of most of the opprobrium. Rachel, I sympathise with your dlilemma. We have been instructed we shall be booked into a local hotel on a rota system. Usually overpriced so if you sell could be in negative equity. The high rise, balconied property is right on the seafront, with magnificent views over the North Sea. This is a negative aspect of moving to a retirement property and should be included in the glossy and hyped selling materials. Sorry to hear you (or someone you know?) I asked our lovely manager if Mc&St would pay for alternative accommodation if this is to go on much longer, as they had back in 2018 when they sent everyone to a hotel. While fitting he noticed a damp patch showing under the protective plastic put down on the bedroom carpet outside the ensuite. In August 2015, McC & S opened a new development on the east coast of England. If so what were they and did it outweigh the benefits of the lifestyle- company and support, no worries about external maintenance etc? One thing I’ve found very different is that the Nottingham service charges (for a 2 bed) are about £9,000 a year, so four times the £200pcm you quote. They were the first house-builder to move into the sheltered housing sector over 40 years ago. I visited one briefly and thought it was a good idea that a couple, say, could be reassured that they could probably stay in their own flat together rather than one needing to go to a nursing home as problems arose, with the financial outlay that would entail. McCarthy & Stone boss: Stamp duty cuts would get the economy moving again The retirement housebuilder's chief John Tonkiss talks Covid deaths, ethnic diversity and maintaining trust in the industry Hi Joby, I am not really sure what the Smooth Move entails as they change the names of the ‘deals’ over time. Financial News Articles for Mccarthy & Stone Plc Ord 8P updated throughout the day. UK retirement housebuilder McCarthy & Stone has agreed to be taken over by a US private equity group in a cash deal worth £630m.. The challenge now is to sell her current home within the timescale required by M&S. In between all of that we had to move my mother in law out of the house as she had become frightened to leave the apartment because of this last. So that seems encouraging as far as holding its value is concerned! McC & S can no longer predict a date the work will finish. Report this profile; About . As usual, no sighting of senior management, no letter of apology for the inconvenience from them, just a note from our lovely house manager. I see I wrote in October 2018 about problems with the ensuite shower trays fitted in 2016 in our then new Cornish seaside development, a McCarthy&Stone basic retirement place for the independent and active over 55s, albeit with a majority over 80 and a number needing carers, mobility scooters…… but a happy, lively place. Malcolm. I maybe doing them a disservice so I will endeavour to go and see some of their newer schemes in the next few months and I will report back after that. Which type of development was it? 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