In an extraordinary admission, Peverel / FirstPort says it has paid over thousands of pounds of contingency funds at Hillside Court, Ormskirk, to the landlord “by mistake”. Residents estimate that up to £40,000 is at issue, involving the one per cent contingency fund fess payable on sale of the properties.
… aka Knight Square and FirstPort UPDATE: Feb 6 2015: The initial headline on this article, “Janet Entwistle is given the push at Peverel” was factually inaccurate, we are informed. The following statement to LKP has been received this afternoon: Janet Entwistle to stand down as CEO of Knight Square Following the successful launch of […]
LKP-accredited managing agent Pauline Jones, of Jones Associates in Macclesfield, has just taken the latest Peverel retirement site right to manage. Residents at Metcalfe Court, in Romiley in Cheshire, where the freeholder is the Tchenguiz Family Trust, had long standing issues with Peverel. On the prompting of Campaign against retirement leasehold exploitation / LKP they […]
Hanover residents are becoming increasingly concerned that the supposedly not-for-profit housing association is mining value out of their sites by flogging off the house manager flats. Leonard Hackett Court in Bournemouth had its house manager flat sold in June for £105,000, while others report Hanover seeking planning consent to enhance value before putting the properties […]
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 […]
By Brian Rix Nearly three and a half years after the Tchenguiz brothers were arrested on March 9 2011, the farcical case at last comes to an end. Vincent gets a groveling apology plus a £3 million bung from the Serious Fraud Office – or the Serious Farce Office – which also has to pay an […]
Alex Ellison deserves to be congratulated for feeling something was amiss when Peverel began offering the prospect of selling the house manager’s flat at Mere Court. She did well to uncover the fact that the flat did, in fact, belong to Peverel, and not the freeholder, Tchenguiz. This was contrary to what the regional and area managers […]
This was reported in Andy McSmith’s political diary, here
The Right To Manage Federation writes … The Right to Manage Federation has achieved its biggest ever RTM at a Peverel managed development of 967 luxury apartments known as Century Wharf, Cardiff. This eclipses England’s biggest RTM, the prestigious Metro Central Heights block of 422 flats at the Elephant & Castle completed by the RTMF […]
The Campaign for Housing in Later Life has been traced back to the Bournemouth headquarters of McCarthy and Stone. The website, which seems to have been started last autumn, has a registered IP identification that uses the same postal address as the retirement leasehold developer. Other backers whose logos adorn the website include Peverel, Anchor […]
An email from a grateful reader: Hi Sebastian, Just a quick line to say that thanks to the advice on your website, I was able to reduce the consent/registration fee from £175 to £55, with regards to subletting our leasehold property.
The Tchenguiz Family Trust has backed down on demanding £5,000 for consent for a conservatory that was attached to a retirement leasehold bungalow more than 20 years ago. Two days ago, Campaign against retirement leasehold exploitation raised the issue with Estates and Management, which manages the Tchenguiz residential freehold portfolio. The original story can be […]
The Tchenguiz activities in leasehold property were highlighted in the House of Commons yesterday by Sir Peter Bottomley. In a brief aside during debate over the private rented sector, Sir Peter referred to “the Tchenguiz interests featuring in the Office of Fair Trading report on abuses of leaseholders, overvaluations of freeholds and the sale of […]
… in a speech that ALL leaseholders have been waiting to hear Sir Peter Bottomley made the speech all leaseholder victims of the system were waiting for when he condemned the current practices in the flawed sector. Speaking at the annual meeting of the Federation of Private Residents’ Associations – which LKP urges all […]
Residents at Mere Court in Cheshire have been offered a £10,000 donation to their contingency fund – provided they surrender their interest in the house manager’s flat. A meeting was held by Peverel at the 39-flat site last Friday (July 19) and the residents are now to be balloted on whether they wish to dispense […]
Vincent Tchenguiz may be poised to lose a fifth of his freehold portfolio after failing to agree repayment terms on a £230 million debt with Lloyds Bank. The taxpayer-owned bank sought court approval on Thursday to appoint KPMG as administrators over more than 50,000 residential freeholds. It is not known which portfolios these may be. […]