Following up the LKP story of Hanover losing £500,000 over the SmartSource Water scandal, it now emerges that Housing 21 lost £250,000. Inside Housing, the newspaper for social housing providers, says SmartSource Water was like a “pyramid scheme” which has left several housing associations among creditors facing millions of pounds of combined losses.
– 2005 to 2009 Peverel cheats pensioners at 65 site by installing Cirrus equipment through bogus tendering – Campaign against Residential Leasehold Exploitation alerts police, SFO and OFT, and The Times publishes article on December 4 2009 – But Office of Fair Trading gives Peverel “leniency” for turning itself in at some point in December […]
Eight months after the Office of Fair Trading revealed the Cirrus collusive tendering scandal, scamming contractor Glyn Jackson is again working on retirement sites managed by Peverel. Glyn Jackson, whose company did not pay an OFT fine of £35,700 after going into liquidation,, is this week installing similar electronic systems with a new company at the Adelphi retirement site […]
Almost immediately after Eric Pickles announces Florries Law – his £15,000 cap for local authority leaseholders over bills for major works – up when up pops another anomaly. The Leasehold Knowledge Partnership has been contacted by an 88-year-old lady regarding a £37,000 demand from Haringey council. The fee comes on top of a £6,000 bill […]
Westminster council wasted thousands pursuing leaseholder Roger Allen of Holcroft Court over fees worth less than £40. The example of profligate wastefulness was reported in the London Evening Standard. In spite of the thousands wasted the leaseholder at Holcroft Court owed nothing.
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 so-called Florrie’s Law introduces a new £15,000 cap on repair bills for local authority leaseholders and will come into force this week. Local Government Secretary Eric Pickles vowed to introduce the cap after a 93-year-old constituent was landed with a £50,000 bill by her local authority for roof repairs.
Following consideration of LKP data, the government has today accepted that that the leasehold sector is far larger than was thought: there are 4.1 million leasehold properties in the private sector in England. This is a 66 per cent increase on previous estimates of 2.5 million.
… But it wants further feedback, so let them have it! … Oh, and oldies are happier than those in non-retirement flats The Competition and Markets Authority (CMA) has today issued an update on its market study (see below) into the provision of residential property management services in England and Wales. LKP / Campaign against […]
… while “under review”, Cirrus sponsors the ARHM summer conference and is doled out generous contracts In the club: Richard Wheeldon, ARHM vice chair, part of the Cirrus review team and an executive of Housing and Care 21 housing association. It handed out a bumper contract to Cirrus in February, two months after the OFT found […]
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.