Rental provider hits out at 'hidden cost' of purpose-built retirement homes - Letting Agent Today

  • Date: 10/07/2019

A rental provider specialising in property for older tenants has attacked what he calls “hidden costs” involved when people buy purpose-built retirement units. Jamie Turnbull, business director at Girlings Retirement Rentals, says a recent survey by BLP Insurance revealed that 46 per cent of over-60s were worried about the cost of moving to a purpose-built retirement ‘village’ with 44 per cent expressing reservations about hidden fees and some 25 per cent regarding complex contracts as a “major pain point.”

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