Some 80 per cent of the properties sold had fallen in value, with an average loss of £38,846, the newspaper claimed. While pensioners and their families lost out, retirement house builders and ground rent speculators made millions. In a hard-hitting editorial, the newspaper condemned the exploitation of pensioners as “vulnerable prey” by monetisers in the … Continue reading The Times reports that families ‘lost £3 billion’ on resale of leasehold retirement flats, while developers and freehold speculators made millions