can i rent out my mccarthy and stone flat

All being well, you’ll sign up to an assured, affordable and flexible rental agreement and you can look forward to life in your new home. We charge a fee for the cost of chasing rental payments that are more than 14 days overdue. This fee does not go to McCarthy Stone but covers the long-term maintenance of your development. Call on: 0800 201 4811. Each development has their own lease requirements, so it is always best to check, but usually to have sole occupancy of a Retirement Living apartment you need to be aged 60 or over. You will need to pay SDLT*/LTT** on a private shared ownership property, but you may have less to pay than if you had purchased outright. Our ground rents are comparable with those charged by other providers of retirement living accommodation and are competitive within the housebuilding industry. There is a maximum five night stay within Retirement Living PLUS developments. The sessions start from as little as 15 minutes per day and can be increased and decreased as required. We’ll then carry out standard identity and affordability checks and prepare the property for you to move into on an agreed date. At some of our most recent developments, the service charge also includes the cost of heating the apartments. Homeowners can work with the chef to select the menu for their guests. Our partners may also use information recorded by these cookies to see how well their adverts are performing. See a variety of apartments to let in Stone, Staffordshire from top letting agents. Ground rents are payable on all leasehold properties in England and Wales. Terms and conditions apply. Ground rents in retirement housing can be slightly higher than open market developments as they reflect the larger size of retirement schemes, which include significant shared facilities such as the lounge, the laundry, the guest suite, staff areas, and, in some developments a dining room, restaurant and mobility scooter room. Yes. Others sell at a premium. The Government’s proposals also note that future customers in retirement developments will have the choice of either paying a higher sale price with no ground rent or a lower sale price with a specified economic ground rent. Don’t worry, we’ll make sure you know the exact amount you need to pay in plenty of time. The security deposit is equivalent to five weeks rent. The completion date is the day when ownership of the property legally transfers from McCarthy Stone to you. We use small files called cookies to personalise your experience of our website, improve its performance and show you more relevant content. However, we’re committed to dealing with individual residents’ needs and concerns on a one-to-one basis and residents’ associations do not replace the personal touch. For joint occupancy one of the occupants has to be over 60 and the other over 55. We take complaints very seriously. 3.3% is equivalent to an extra £1.98 per week for typical rent of £60 per week. Service charges cover the day-to-day costs of management and maintenance within our developments, such as the heating and cleaning of communal areas, buildings insurance and redecoration. For some, it offers the chance to ‘try before you buy’. Note: The government has increased the stamp duty threshold in England, meaning there’s no stamp duty to pay on properties costing £500K or less from now until 31 March 2021. We offer to pay reasonable legal costs to homeowners who wish to establish a Right to Manage company. meets the age criteria and is capable of leading an independent life) and provide information about the development, the service charge and insurance. Usually between around 12 to 16 weeks, but we will try to be flexible to your needs. Kitchens are fully fitted with white goods which come with a 2-year guarantee. We do not allow smoking in your property or the communal areas. There is also a small administration fee to cover the costs of checking that the incoming occupier meets the terms of the deed of conditions. The lease will state that you’re not permitted to occupy an apartment under the age limit set. Ground rents are payable on all leasehold properties in England and Wales. All developments released for sale from August 2015 have 999 year leases. Assured Tenancy means that you agree to rent the property for a fixed term of 12 months, but after that you can leave at any time as long as you give two months written notice. You’ll be asked for proof of income, savings and/or pensions, along with copies of your last three months’ bank statements. Yes! There is no upper limit. You’ll receive a service charge leaflet and our Sales Consultant will sit down with you to help you fill in the costs, review what’s covered in budget and compare the to day-to-day running costs with your current home. Annual rent review on the date specified in your lease will be indexed to movements in the Retail Price Index (RPI) subject to a minimum 0.5%. Removing exit fees* and introducing 999 year leases, You may be able to access cash tied up in your existing property (known as ‘equity release’), You can choose to buy a bigger percentage of the property in the future – this reduces the rent you pay, If you want, we can buy your existing property as a part exchange, You’ll be eligible for our free Smooth Move removal service, plus a contribution to legal and estate agent fees, The running costs of the restaurant (with a small additional cost payable per meal eaten in the restaurant, which is typically £4.00 for a three-course meal freshly prepared on-site), Fixed for 15 years, longer than the average stay of our residents, Increases linked to inflation or two per cent per annum if higher, and compounded yearly, We remain as the landlord with all management responsibilities. 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. Care homes typically offer single room accommodation for rent, whereas our developments you own or rent your own private apartment. This applies in some historic McCarthy and Stone leases and is deeply resented: families, often with an ailing relative to maintain, have to pay considerable amounts (£3,000 in one case) to rent the flat out. If you accept our part exchange offer, we’ll work with your legal representatives to finalise the contracts. As a result, our customers live independently and have healthier, happier and, hopefully, longer lives. We are delighted to be able to offer a range of outstanding unfurnished retirement apartments for rent in various locations across the UK. Homeowners are under no obligation to take care packages from us and can use a third party if preferred. All care and support services can be provided by our on-site care staff. Our use of these cookies might also mean that you see McCarthy Stone adverts when you visit Facebook. Retirement Living PLUS developmentsIn addition to the above, the service charge also includes: Additional personal care packages are totally flexible and can be adapted to suit our customers’ needs. 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. Our Sales Consultants ensure that customers have a detailed knowledge of ongoing costs before a sale is completed. You’ll be asked to provide identification documentation that complies with the latest Government Right to Rent regulations – our sales consultants will talk you through what you need. No. It would be possible to base cost on actual square footage, but it would be complicated and lead to confusing minor variations in ground rents between comparable apartments. There is no obligation for you to accept. : exclusively designed for the mature buyer, this stunning new mccarthy and stone development. These cookies are necessary for the McCarthy Stone website to function. Many homeowners use this time to have their apartment cleaned. As a registered builder with the NHBC, all new McCarthy Stone apartments come with a 10-year NHBC Buildmark. These cookies allow us to understand how people use our website and where they came from, so that we can measure and improve the performance of our website, as well as to remember your preferences. You would stop paying rent, but service charges and ground rent continue to be payable to McCarthy Stone. Download our Client Money Handling Procedure and Client Protection Money Certificate. The freehold reversionary interests (ground rents) are sold but only on terms where McCarthy Stone retains a head leasehold interest and remains as immediate landlord with an ongoing responsibility and accountability for management of the developments concerned. Examples of this include setting your privacy preferences or filling in forms. We also offer a car club. The freehold is sold to property investment bodies who are owned by mainstream UK pension and annuity funds. August 18, 2014 By Admin. Find the best offers for your search houses to rent flat mccarthy stone. This means we can offer a personal service throughout the whole process. Category: Latest News, McCarthy and Stone, News, William Waldorf Astor Tag: Better Retirement Housing, McCarthy and Stone. When business resumed – Ann picked up the reservation and suggested that the property could be marketed with The New Homes Group. Our customers recognise that they are buying into a lifestyle based around security and companionship, as well as warmth, friendship, ease of maintenance, reduced responsibilities and enhanced wellbeing. This goes into the sinking fund (the contingency fund) for each development, which covers maintenance of that scheme. The buildings insurance included within the service charge generally only covers damage that is caused to the building or communal contents (i.e. You will receive your reservation deposit back if you don’t move into the property (whether you were planning to buy or rent). Charges vary slightly between developments and range from £4 - £7 per meal. Find out more about strictly necessary cookies here. On-site car parking is provided, athough arrangements vary between developments so please contact the on-site Sales or Management team for more details or talk to us on 0800 201 4811. This would severely impact affordability for our customers. Heating costs are also often lower due to our modern construction methods and the more manageable size of the new apartment. All rental payments are due on the 1st of each month and must be paid by direct debit. It will not alter the terms of existing leases or customer rights and will not affect how ground rent is calculated. (retirement living), ML3 - Rightmove. Call them on: 0345 556 4126 or find out more. The benefits of retirement rentals. Bear in mind you may get a higher price on the open market. Any questions? This depends on how the flood occurred and who is responsible. Added on 19/11/2020 by McCarthy & Stone, McCarthy & Stone Don’t worry, we’ll make sure you know the exact amount you need to pay in plenty of time. As well as the kitchen facilities in the apartments, residents will also have a table service or bistro style restaurant available for use at a small extra charge. 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. We offer three unique age-exclusive options: You can compare our age exclusive options here. The council tax band varies per development. Up to 1 month‘s rent free (t&c‘s apply)show homes now opentuesday - saturday. Offered Please contact your Sales team for more details. If they can no longer live safely and independently in a development, we can work with them and their family to help them move to a more specialised setting. Or talk to us on 0800 201 4811. Yes, but we try to keep annual increases in line with inflation although certain costs like energy prices can have inflationary pressures that are outside of our control. Unlike other housebuilders, McCarthy Stone retains this long leasehold interest until after the lease of the apartments on a particular development has expired. In many cases, service charges are lower than like-for-like costs in a purchaser’s previous property, so homeowners rarely have difficulties with ongoing costs. A small reservation deposit is needed to reserve your new home. x. Our bungalow and cottage developments that are for sale are sold on a freehold basis only as they are standalone homes. The walls are painted in cream or white as standard however we can also provide interior design options at an additional charge. These fees are paid into the development’s sinking/contingency fund and are for everyone’s benefit. These proposals have not become law and the Government is not proposing to make them retrospective. We’ll ask you to complete a Rental Application Pack and an Income and Expenditure form to get the information we need to do standard background checks. The care packages can be increased or decreased as your needs change. With Smooth Move we offer you contributions towards your estate agent and legal fees as well as free specialist removals: Up to £2,500 towards estate agent fees* If you sell your existing property through our recommended estate agents, we’ll contribute £2,500 (inc. VAT) towards fees, once you’ve legally completed. The fixed costs of the restaurant and the catering staff are included in the service charge. For example, certain costs, like ground rents and service charges, are sometimes covered by Pension Credit. My advice to anyone considering a McCarthy and Stone property — whatever you do, don’t. It’s when the solicitors representing both you and McCarthy Stone swap signed contracts. We do our very best to negotiate the best cost with third party service providers on behalf of our residents. If you disagree with anything in it, you must let us know within 14 days of the start of your tenancy. Unless we say otherwise, it’s your responsibility to arrange and pay for council tax, electricity, gas, water, sewage rates, TV licence etc. Should you wish to end your tenancy after the 12 month fixed term, you need to provide two months written notice. It’s when you agree to buy a property before the development is completed (usually around 6 months before). Benefits include:It’s an affordable approach to owning a stunning new retirement home. For a free and confidential review, please visit our Entitlement Advice Service. ... McCarthy & Stone claims a lot of the lease problems are … Meals for special events will be priced by each individual experience and may cost more. We believe there is for a sensible proposal. If you lose or damage the keys to the property, you will be charged reasonable costs to provide replacements. A friendly local letting agent may also be prepared to come to your development and put a rental value on a comparable flat. Find out more. These figures are correct up to 30 June 2021. This offer is available at selected McCarthy Stone developments, so make sure you check with the sales team on site. But if you still can’t find the information you are looking for please call us on: 0800 201 4811 or get in touch online. Your rent includes all of the development’s service charges, ground rents and property maintenance. 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. Yes. All apartments have slip resistant floors in the kitchen and bathroom as standard. Some really desirable apartments can be rented for £200 per week. We strongly recommend you take out tenants’ contents insurance to protect your belongings during the tenancy. No, under the terms of the Assured Tenancy Agreement sub-letting is not permitted. Extra care, assisted care and Retirement Living PLUS are terms used interchangeably for the same development type. A small additional charge will be added to guest meals. Within a Retirement Living development a homeowner’s guest or guests are welcome to stay for as long as the suite is available and paid for. This option would give a potential purchaser time to find out if the retirement development way of living is for them. We aim for them to be as accurate as possible and we try to keep annual increases in line with inflation, although certain costs like energy prices can have inflationary pressures that are outside of our control. McCarthy Stone is a member of The Property Ombudsman, Membership Number: T04786. *Stamp Duty Land Tax **Land Transaction Tax (LTT) has replaced SDLT in Wales from April 2018. We’ll ask you to complete a Rental Application Pack and an Income and Expenditure form to get the information we need to do standard background checks. There are websites offering advice to homeowners wanting to exercise this right. Our friendly sales consultants will take you through every step and are always happy to answer any questions. The fee is 3% above the Bank of England’s annual percentage rate and it is charged for each day the rent is late. Note: While we provide a wide range of personal care and support services, it is not suitable for people who require residential nursing care. Watch this video  to learn more about the protective measures we’re taking and what you can expect from us when you arrive. When it comes to finding your ideal new apartment, you should also consider which of our development types best fits your needs. Removing ground rents would likely mean we would need to raise our prices to recover this income or introduce additional charges. Yes, you will need to pay a small refundable reservation deposit to reserve the property. Our retirement rental prices include service charge and ground rent. Yes, the hour support is included in the service charge at a flat rate. 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. You’ll be asked for proof of income, savings and/or pensions, along with copies of your last three months’ bank statements. Following discussions with Campaign against retirement leasehold exploitation, McCarthy and Stone is dropping the one per cent contingency fund contribution that has to be paid every time a flat is rented out. We’ll even contribute £1,000 towards your solicitor’s fees*. Other than the walk-in wardrobe, the apartments are unfurnished ready for your own furniture. Should you wish to end your tenancy after the 12 month fixed term, you need to provide two months written notice. It’s also important to remember that our properties are more than simply a financial investment, they are an investment in the quality of life for our residents and their families. 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. If you’d like to sell your McCarthy Stone property call: From ‘what is the service charge for?’ to our policy on pets, you’ll find the answers here. Examples of this include setting your privacy preferences or filling in forms. Flats & Houses For Sale by McCarthy & Stone Resales, Bournemouth - Find properties with Rightmove - the UK's largest selection of properties. The completion date is the day the property legally becomes yours. Bear in mind you may get a higher price on the open market. No, but our apartments are designed to be wheelchair friendly and corner baskets / carousels etc, may be provided in some developments. Free specialist removal* Our removals experts are on hand to help with: De-cluttering, organising and packing your belongings Transporting your possessions to your new home Unpacking and heavy lifting. We use this information to make our website more relevant to your interests. Some retirement village operators charge customers large exit fees instead of ground rents, sometimes worth up to 30% of the property’s value, meaning customers could end up paying much more overall. Special dietary requirements can be catered for and friends and family are welcome to join for lunch. Ground rents are fixed for 15 years. YLMS provide flexible personal care and support packages, individually tailored to suit our homeowners’ needs. Up to £1,000 towards legal fees* We’ll contribute to your legal fees when you use one of our recommended, independent solicitors. Costs in Retirement Living PLUS developments are higher than in Retirement Living developments to reflect the increased staffing costs, the provision of domestic support packages, and the table-service restaurants/bistros provided on-site. It is recommended that homeowners take out their own contents insurance, including accidental damage and public liability insurance, as this will usually provide cover in the event of a leak caused by the homeowner (i.e. Retirement Living PLUS - Luxurious and low maintenance private apartments in great locations, exclusive to the over 70s. Yes. 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. For a typical Retirement Living PLUS apartment (based on Chesterton Court in Ilkley), the latest service charge is £138.27 a week for a one-bedroom apartment and £184.31 a week for a two-bedroom apartment. Yes, provided you obtain the landlord’s permission and use properly qualified and insured contractors. The team has a unique understanding of retirement living, enabling us to communicate all the benefits clearly. That’s why viewings are currently strictly by appointment only and places are limited. However, this varies, and some developments offer 30 minutes of domestic assistance. Click on the different category headings to find out more or to change your settings. Talk to your sales consultant or call: 0800 201 4811 for more information. Flats & Houses For Sale by McCarthy & Stone Resales, Bournemouth - Find properties with Rightmove - the UK's largest selection of properties.

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