Petition Legislate to protect those who buy retirement properties

Legislate to protect the elderly who purchase retirement properties from housing associations, either full or shared ownership. This should include ensuring that full information is shared on purchase contracts, and that there are no hidden fees.

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Are these contracts fit for purpose or sensible to sign in the later years of life? Some retirement homes have high service charges, and incur a 1% sinking fund fee on sale. In the current economic climate, the high service charges together with the tight resale criteria can make them unsaleable and uninheritable.

This petition is closed This petition ran for 6 months

127 signatures

Progress of the petition towards its next target: 127 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 13 March 2024
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