My grannys Audley Retirement home was a money pit costing £48,000 in exit fees

Table of Content

• My granny’s Audley Retirement home ‘was a money pit’ costing £48,000 in exit fees
• The UK needs more retirement villages
• Contractor named for Yorkshire retirement village
• A jargon-busting guide to retirement living
• Our villages
• Audley breathes new life into cricket club
• Exit fees and retirement estate agency: You now have 29 days to act

From integrated retirement communities and sheltered housing to assisted living and nursing homes, there’s a whole range of choices depending on particular needs and budgets. A beautiful one bedroom, ground floor apartment, that benefits from an open plan living/dining room and large main bedroom that both lead onto an enclosed terrace. From its position on a hillside overlooking the town, Audley Ellerslie offers property owners stunning views of the local area. Located in the village of Sunningdale, close to Ascot in Berkshire, historic Sunningdale Park spans 79 acres of gardens, lakes and extensive natural woodland dating back to 1785.

Audley Clevedon retirement village is set within a 23-acre estate in Ben Rhydding, two miles from the historic spa town of Ilkley. The village has 90 properties and is centred around Clevedon House, a former Victorian school. The average care home costs £26,200 a year while the average nursing home costs just over £36,000, according to healthcare information firm Laing & Buisson. Audley's properties sell for between £250,000 and £500,000, and residents also pay an average annual management fee of £6,000.

My granny’s Audley Retirement home ‘was a money pit’ costing £48,000 in exit fees

But this means you will receive less than if you were to sell your home in a traditional sale. We can purchase your home from you directly, giving you the easiest, fastest home sale possible. There are no contracts or tie-ins even if you accept an offer, and no viewings to take care of. This may all seem expensive, but your heirs would encounter many of these costs wherever you choose to live. That said, this level of care will usually be more affordable than a nursing home, which can cost £800 or more per week, plus you will be able to stay in your own home and maintain your independence for longer.

As time moves on and some tasks become less easy, there's no reason why you shouldn't remain independent. When you move to a new property in an Audley village you are assured of a beautiful home and independent lifestyle, with extra support and care on hand should you ever need it. The charming spa town of Malvern offers a great many diversions, from cafés and restaurants to booksellers and boutique fashions. Its two railway stations make travel a breeze to Birmingham, Hereford and farther afield. The homecare services include company while recovering from illness, someone to accompany you to appointments and assistance with daily tasks from getting out of bed in the morning to cooking and cleaning. With a bistro complete with impressive floral feature walls, historic paintings and even its own hair salon and spa, the village has interiors just as stunning as its exteriors.

The UK needs more retirement villages

Sadly, the UK’s retirement housing sector has been beset with poor practice and has an appalling reputation. It has been the subject of critical tribunal rulings, two investigations by the Office of Fair Trading, and one Law Commission report. Drinking tea from a mug that says "I'm not retiring – I'm moving to Mote House", Sanderson, who plans to settle in a retirement village himself eventually, rejects the notion of "gated ghettos".

"We brought our furniture with us. To move somewhere and not be able to take our furniture would have been upsetting," says Anne. "If you need care, it's cheaper than being in a care home. Here you have all the carers," she adds. Anne is 68 and Bob is 84; with the age difference in mind, they feel she will be "looked after" in the village in years to come. Click to openThe Sunday Times yesterday published a powerful article by Harriet Meyer revealing how her family spent £48,160 in fees on selling at Audley Retirement flat. Our villages are designed for independence and our customers control their own choices. Audley Cooper's Hill is located in the beautiful village of Englefield Green, near Runnymede in Surrey.

Contractor named for Yorkshire retirement village

If you are struggling to sell, you can opt for a combination of the two, called deferred completion, where you rent until your former home is sold, then buy the property you have been renting. Compared to the struggle of maintaining a large, former family home, and the potential lack of support and even isolation of a more general community, they offer an ideal solution for many people, both couples and individuals. “This means the monthly cost of living in an Audley property is kept to the absolute minimum. “The fees seem nothing more than an easy way of exploiting a vulnerable group of people.

The complex features its own restaurant, Audley Club, indoor swimming pool, library, while individual properties feature sleek modern decor including marble bathrooms and oak clad kitchens. Richard Davies, chief executive of LifeCare Residences, which runs two retirement villages in the UK and is building a third one in Battersea in London, says the bulk of residents will come from within a five mile radius. Unlike a nursing or residential care home, it is important to remember that you will still have bills to pay, such as gas, water and electricity bills, and council tax. Often buildings insurance is included in your management charge, but you may have to pay for contents insurance.

Many are part of the Older People’s Shared Ownership which allows over 55s to buy a share of between 25 and a maximum of 75 per cent of a property and pay rent on the remainder. We guarantee the price we will pay, unlike some buying platforms who reduce their offer shortly before completion. You can get a "ballpark" offer from us within 5 minutes, a formal offer within 24 hours, and we can complete on the purchase of your home in as little as 2 weeks. We buy your home directly from you so you can sell your house fast and avoid waiting around to find a buyer on the regular market. Of course, none of this comes for free of charge, and you need to find out what care is available and what this may cost you in the future. Even two or three hours of help per day can run into hundreds of pounds a week, equating to thousands extra every year.

Their latest CQC report saw the provider score Outstanding in Responsiveness with the report stating Inglewood House was 'exceptionally responsive to people's individual needs'. You can also enjoy the fine dining of The Orangery Restaurant, famous for its original Kensington location built for Queen Anne in 1704. Located in the Derbyshire Dales is St Elphin's House, spread across 14 acres close to Matlock and Bakewell. The preferred provider is a Care Quality Commission registered provider while residents of Inspired Village homes will also have access to the Village Well-being Navigator. Nightingale House provides access to highly-trained personal assistants who can help with domestic tasks, shopping or collecting prescriptions and personal care such as help with eating or looking after pets.

The living/dining room has two large feature bay windows with west-facing and south-east facing views. This spacious two bedroom ground floor apartment benefits from a spacious living/dining room with doors leading directly onto a private terrace. The Main bedroom has double fitted wardrobes and en suite shower room with Villeroy & Boch sanitaryware.

They are also less likely to fall – and falls are the leading cause of death through injury for those over 75. One of the biggest advantages at some retirement villages, is the availability of nursing care and other support. This means that you can stay put, even as your health deteriorates and your needs increase. You can get help with everything from dressing and washing to putting away your shopping, and some places will even offer medically qualified help on hand 24hrs a day. Retirement village homes must normally be purchased for cash, rather than a mortgage, but again, this is unlikely to be a problem for retirees who have paid off their existing home. It may be possible to rent at some retirement villages, although this means you will no longer have equity in your property to leave to your children.