Like the unwanted guest at a party, Peverel has put on some outlandish new clothes and now seeks to crash ARMA-Q. It is rolling out its new FirstPort brand, which means when you click on the Peverel website you are passed on to a new site. The change in name is taking place a year […]
… And CMA may re-examine sector if no improvements Below is the press release of the Competition and Markets Authority, whose report into property management was released today at 11am. LKP will be providing a full analysis later. Jim Fitzpatrick, LKP patron and Labour MP for Poplar and Limehouse said: “The CMA report represents the […]
– CMA soothes leasehold managers by repeating its skimpy MORI poll findings – 25% of ARMA membership still not signed up to ARMA-Q – ARMA does NOT manage 60% of sector – How relevant are the happy leaseholders of Liverpool in disputes elsewhere? With just over two months to go before the self-regulatory code ARMA-Q comes […]
– 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 […]
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 […]
– 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 […]
Satirical magazine reports OFT price-fixing stooge Glyn Jackson back at work at a Peverel managed site Private Eye today reports the LKP story of OFT price-fixing cheat Glyn Jackson being re-employed at a Peverel site. Jackson, whose company went into liquidation and so avoided an OFT fine of £35,700, is back at work at the […]
The Campaign against Residential Leasehold Exploitation agenda for reform of retirement housing has been given a ringing endorsement by a report published today by AgeUK. The report, Housing in Later Life, arrives just as the Competition and Markets Authority appears to be manoeuvring to downplay concerns in retirement in its leasehold sector inquiry.
The owner of one of the three stooge companies that helped Peverel’s subsidiary Cirrus wrongly win lucrative contracts at retirement sites deeply regrets his involvement in the scam. Jeremy Owen, 38, of Owens Installations, says he got caught up in the Cirrus scandal because he was young and naïve and wishes he could “turn the […]
… 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 […]
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 Daily Mail reported the OFT inquiry into leasehold management last week. The link is here
The Office of Fair Trading today announced its leasehold management inquiry and will include housing association and council leaseholders. The scope is defined here
The Campaign for the Abolition of Residential Leasehold (CARL) has sent an acerbic letter to the Office of Fair Trading in response to its inquiry into leasehold. The letter comes from chairman Nigel Wilkins (left), who has headed CARL since 2003, as the OFT seeks to define the “scope” of its inquiry. CARL has been […]
… now ALL sites should exercise right to manage and be rid of them … ‘the system is rotten’ to have allowed Peverel / Cirrus to get off, says Bottomley Update: Guardian reports OFT and Peverel Cirrus scandal Update: BBC reports Peverel / Cirrus scandal The Peverel / Cirrus price-fixing scandal was finally confirmed […]