ARHM STATEMENT INTO PEVEREL PRICE FIXING / COLLUSION FOLLOWING INVESTIGATION BY FORMER OFT. Starts The ARHM Audit and Regulation Committee has been working with Peverel to review the outcome of the OFT investigation into collusive tendering in relation to the supply and installation of certain access and alarm systems to retirement properties. This collusive practice […]
Three SFO incompetents who also cleaned up over Tchenguiz – with bumper pay-offs! The Serious Fraud office has just paid Vincent Tchenguiz and his companies £3 million, plus another £3m in legal costs, but what of the other payments made by the SFO? Bumper pay-offs to its incompetent staff who messed this case up, that […]
By Martin Boyd Following on from LKP’s Westminster meeting on commonhold last month, Guy Fetherstonhaugh, QC, has written an interesting article published in Estates Gazette. Reproduced with its permission, the article highlights the relative merits of the commmonhold versus leasehold systems.
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 […]
… a flat that, it emerged, Peverel itself owned The daughter of a resident at Mere Court retirement flats in Knutsford who believed Peverel was urging the sale of the house manager’s flat for financial gain has had her complaint rejected by the ARHM. Alex Ellison was appalled to discover that Peverel was encouraging the sale […]
Both the FT and the Sunday Times are suggesting that the hedge-funders who took on the debt at McCarthy and Stone could be in for a killing if it floats next year for £500 million. Both papers report that says hedge fund owners pumped £367 million of equity and a five-year loan to slash borrowings.
Judge Siobhan McGrath has apologised to the leaseholder whose complaints led to Benjamin Mire losing his judicial appointment. The apology to Colin Dennard, 73, of Ferndown in Dorset, is an acknowledgement that the Residential Property Tribunal Service (RPTS), of which McGrath was the Senior President, bungled the issue. (She is now president of the new Property […]
UPDATE July 18: LEASE finally appears to have dropped the enterprises of controversial property manager Benjamin Mire from its professional directory – which are paid-for adverts. Eight days after LEASE ruled that all advertising associated with controversial property manager Benjamin Mire be removed from the quango’s website, it is still there. On July 8 […]
But … the bill to Kettering homeowners was more than £1 million, including Sean Powell’s fees of 10% to manage the project – from London – plus the VAT … demands of £42,500 per flat were more than their re-sale value … tribunal throws out vast bills supposedly ‘to comply with building regulations’ … tribunal […]
The Leasehold Advisory Service has finally decided to bar controversial managing agent Benjamin Mire from advertising on the LEASE website. The decision was announced today and applies to Benjamin Mire’s companies Trust Property Management and Benjamin Mire Chartered Surveyors. Mire, a property manager based in Colindale, north London, resigned from his judicial appointment to the […]
“Millions have an interest in leasehold living. Most would gain when commonhold or strata title becomes the norm. “This meeting is an important step forward. “In the near future, abuse and misuse and the shortcomings of leasehold can be tackled. “For the future, there should be a timetable to end new residential leaseholds and to […]
ARMA’s regulatory panel announced on Friday June 27 that it had admonished Y and Y Management following a complaint over “intemperate and unprofessional language” to a leaseholder who visited its north London offices. A letter of admonishment has been sent to the company, headed by Joseph Gurvits, whose business partner is freeholder Israel Moskovitz. Both have […]
This was reported in Andy McSmith’s political diary, here
Tchenguiz PR man named in Commons ‘Apology’ by obscure website to Vincent Tchenguiz read to MPs Sir Peter asks what was Tchenguiz’s role during the Peverel / Cirrus price fixing scandal? Tchenguiz freehold valuations questioned Why are huge loans issued against valuations ‘created from thin air’? Government should put pressure on professional standards bodies to […]
UPDATE May 24: Sir Peter Bottomley has commented on this article. See below Brixton Hill Court is fighting on for right to manage even though its first attempt to break free of freeholder Springquote has resulted in an £18,000 legal bill. A date is soon to be set for a second showdown in the London […]
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 […]