Retirement exit fees may get the chop, at last! The new DCLG leasehold team, with whom Campaign against retirement leasehold exploitation / LKP has been working closely, yesterday announced a range of measures in addition to “Florrie’s Law” (see LKP) and acceptance that the leasehold sector is far larger than was previously thought. They include […]
The influential BBC Radio 4 programme You and Yours yesterday featured retirement leasehold. This is an area of “most concern” according to Douglas Cooper, of the Office of Fair Trading, which is carrying out an inquiry into leasehold management. The programme can be heard here and the item begins 46 minutes into the programme.
The three Campaign against Residential Leasehold Exploitation 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 […]
UPDATE July 10 2013: LKP / Campaign against retirement leasehold exploitation received this email from the Office of Fair Trading this afternoon, shortly after a meeting with Sir Peter Bottomley at which this scandal was discussed: I am the team leader for the OFT’s investigation into certain access control and alarm systems companies, with respect to […]
Susan Wood (left) failed in her court struggle earlier this week to be reimbursed the £1,150 in exit fees paid when her late father’s retirement leasehold flat was sold in 2010. Wood, a long-standing activist with the Campaign Against Retirement Leasehold Exploitation (Campaign against retirement leasehold exploitation), argued that as the fee was for a […]