I had to sell my father’s retirement flat at less than half price – and that took six years
While we were waiting an age for a sale, keeping it cost us £4,000 a yearIt has taken me six years to sell my father’s retirement flat for less than half of what he paid for it. For most of that time we have had to pay annual service charges of more than £4,000 – £2,000 in council tax, and £2,000 in interest on unpaid care home fees which the sale of the flat was meant to fund.It seems retirement apartments are incredibly difficult to sell. In his particular development, owned by Pegasus, a third of the flats were either empty or being sublet. Continue reading...
While we were waiting an age for a sale, keeping it cost us £4,000 a year
It has taken me six years to sell my father’s retirement flat for less than half of what he paid for it. For most of that time we have had to pay annual service charges of more than £4,000 – £2,000 in council tax, and £2,000 in interest on unpaid care home fees which the sale of the flat was meant to fund.
It seems retirement apartments are incredibly difficult to sell. In his particular development, owned by Pegasus, a third of the flats were either empty or being sublet. Continue reading...
