Even if plans are eventually passed, caveat emptor!

An anonymous item in The Times on 7th July states:

“My daughters recently inherited a McCarthy Stone leasehold retirement apartment in Lancashire and need to sell it to get probate and distribute the proceeds according to the late owner’s will. Some of those waiting for their share are in urgent need. 

But this may take up to three years, my daughters have been told, as the new owners must be over 70 years of age, and demand from this age group is low. Until this is done they cannot distribute the assets, all the while incurring an annual service charge of about £8,500. What can they do?”

Anonymous