Times reports inquiry into dodgy freeholders

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Deidre Hipwell, of the Times, reports: Dodgy landlords should be on their guard after the Office of Fair Trading launched an investigation into the residential property management industry. After years of complaints from millions of flat owners claiming they were being overcharged for poor service to maintain their homes, the OFT said it wanted to […]

Carlex whistleblowers were THREATENED with prosecution if they went public over OFT’s toothless £500k investigation into Peverel-Cirrus

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The three Carlex whistleblowers of the Peverel-Cirrus scam were threatened with prosecution by the Office of Fair Trading  if they revealed the investigation. The threat was minuted by the OFT on September 27 2012 even though it had already decided to give Peverel leniency and not take any action. In a blatant example of shooting the […]

The Oldie reports Peverel / Cirrus price-fixing scandal

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The alleged Peverel / Cirrus price–fixing scandal has been reported at length in this month’s issue of The Oldie. (Click on image) It repeats Sir Peter Bottomley’s view that Peverel has undertaken “unlawful and probably criminal actions” and he dismisses the Office of Fair Trading’s fiction that Peverel turned itself in. Carlex can demonstrate that […]

OFT cuts deal with Tchenguiz on leasehold retirement sub-letting fees, but exit fees on sale still stand

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The Office of Fair Trading has secured undertakings from Fairhold Homes Ltd and associated companies controlled by the Tchenguiz Family Trust to change how they charge retirement leasehold transfer fees at their 53,000 retirement developments. The OFT has been investigating exit fees, which are payable when a tenant sells or lets out their retirement home […]

OFT to make ‘substantive announcement’ on exit fees in August

A letter to a Carlex activist (the Campaign Against Retirement Leasehold Exploitation) reveals that the Office of Fair Trading, whose seemingly interminable investigation into exit fees on sale of leasehold retirement properties has lasted three years, will be making a “substantive announcement” in August. The news comes in a letter of July 11 from Martin […]

Attack on OFT over exit fees

Hanover housing association, which manages 17,000 retirement properties, attacks Office of Fair Trading for its bungling three-year investigation into exit fees   OFT: Fancy logo and generous budget, but what does it actually do? The Hanover Housing Association, which manages 19,000 retirement properties, has issued a devastating criticism of the Office of Fair Trading for […]

February news archive (headlines)

29.02.12  Stop ‘opaque’ charges, says London Assembly In the most hard-hitting report in years on the property management business, the London Assembly says half a billion pounds in service charges is being spent every year by Londoners in a business that is overdue for reform. Our news report and the full Assembly report can be […]