Shula Rich (left) a long-standing advisor on leasehold issues has criticised the Leasehold Advisory Service for setting up an out-of-hours advice line run by practising solicitors, who may also be hoping to tout for work. Out-of-hours callers to LEASE can be put in contact with solicitors who are members of ALEP, the Association of Leasehold Enfranchisement Practitioners. The […]
Archives for September 2014
The government has now passed a new Water Bill, which among other issues covered its flood insurance scheme Flood Re. It appears from the outset DEFRA had worked with the Association of British Insurers (ABI) to define how this cover would work.
Leasehold exit and sublet fees have been referred to the Law Commission, which will almost certainly be the end of them. This means anyone selling or renting out a retirement or non-retirement flat should keep all documentation with a view to making a claim in two and half years time.
– Self-regulation (by ARHM, ARMA, RICS) has failed – Leasehold tenure itself disempowers residents and makes them vulnerable – Commonhold should be explored – Right to manage needs to be made easier for the elderly – LEASE’s ‘problematic’ role serving all sides in leasehold – CMA’s skimpy Ipsos MORI poll ‘should not be used as […]
The satirical magazine Private Eye has featured Peverel’s name-change today. Referring to previous reports on Peverel as see “Eyes passim ad nauseam” it treats readers to a resume of Peverel’s recent unfortunate history. “FirstPort may turn out to be LastResort for the troubled management company,” is the pessimistic conclusion.
A woman in east London had her £165,000 flat forfeited over what began as £290 owed in ground rents. The property had no mortgage, so the massive financial loss is entirely borne by her.
Why did the CMA study take place? The CMA study into residential management services partly originated in the public criticism expressed over the Office of Fair Trading investigation into the Peverel / Cirrus collusive tendering scandal. Owing to the prime minister’s response to a direct appeal by LKP, this resulted in a meeting with the […]
– lawyers want amendment to Consumer Rights Bill – last chance to contact CMA Conveyancing leasehold lawyers are demanding changes in law to stop freeholders and managing agents cashing in on sales of leasehold property. The Conveyancing Association estimates that there are £80 million in charges every year in the transactions of 300,000 flats.
– Only 131 retirement leaseholders quizzed – 17 leaseholders ONLY discussed Property Tribunal – MORI has to correct criticism of LKP leasehold figures (which are accepted by DCLG) – BUT poll does confirm that there is more contentment when leaseholder manage their sites in an RTM or RMC compared with those that are freeholder-controlled Alarm […]
… wins ombudsman case, but gets £312 bill! LKP accredited managing agent Block Managers Limited refused to force six leaseholders to pay for the redecoration of another’s private £1 million flat. Gavin Lee, of Block Managers, based in Colchester, was horrified to take over a luxury block in Pimlico, central London, to find that the […]
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 […]
Former property tribunal panel member and chartered surveyor Benjamin Mire has put his company Trust Property Management up for sale, it was announced yesterday. Mire, a property manager based in Colindale, north London, has been engulfed in controversy over the past 18 months.
The new company structure after the Peverel rebrand strongly suggests something is going to be sold. A useful schematic of the existing and future company structures is given here and above:
In what appears a desperate measure, Peverel is renaming itself FirstPort. In an announcement today all its property services businesses will be rebranded FirstPort, uniting them together under one brand. An expensive logo is doubtless underway, and be prepared for a deluge of queasy photographs of elderly residents in a state of harmony and joy. […]
Former leading executives of Peverel have set up a new company, Freemont Property Management. Headed by former Peverel CEO Nigel Bannister and former head of Peverel Retirement Keith Edgar, the company is registered to an office in Lymington in Hampshire. It has already secured the management of the large Aqua site on the waterfront in Poole, Dorset.
Janet Entwistle, the Peverel CEO, assured LKP earlier this year that no one involved directly – or even “linked” – in the Cirrus price-fixing scam was still employed by the company. Janet Entwistle’s was speaking at a meeting with LKP at the Commons on February 10, hosted by Sir Peter Bottomley. She is recorded in […]