The Law Commission is due to release a report into the fees that some developers charge when you sell your property, and elements of this report have been featured in the press. Our Chairman and CEO, Spencer McCarthy has the following statement to anyone who may be concerned about these sorts of fees while living in a Churchill Retirement Living development:
“You may have seen the report into fees that some developers charge when you sell your property. I’d like to reassure owners and customers that at Churchill we simply don’t charge exit fees.
“We also ensure we are totally clear and honest about any costs associated with living in one of our developments. We fully support the Law Commission’s report into more transparency in the sector and anything that raises standards in the industry.”
You can find more information on the costs of living in our developments here.