By Guy Montague-Jones2019-06-26T23:00:00
London scheme rejected for not factoring ‘event fees’ into affordability calculation.
A planning inspector rejected LifeCare Residences’ plans for a £97m scheme comprising 81 ‘extra care’ flats and 15 care home beds in Gondar Gardens in West Hampstead, citing concerns about its impact on the environment and a lack of affordable housing provision.
Inspector Brendon Lyons’ conclusions on ‘event fees’ – charged when residents leave and used to help pay for services and amenities – are of particular concern for the industry. These fees, otherwise known as deferred management fees, have previously not been considered relevant to affordable housing calculations.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud