The average annual property service charge in Britain is £1,863The service charges for new builds are 96 per cent higher than older properties and average £2,777 Ground rents are on average £371 a year for new build and £327 for pre-2016 properties. A third (33 per cent) of management companies have increased service charges in […]
Such is the desperation of the London property market that freeholders are flogging off basements to create leasehold flats. All buyers have to do is provide their own spades and dig it out. The Guardian ran story about a cellar in New Eltham that has just sold for £27,000, with one in central London selling […]
The scandalous ground rent charges at Blythe Court featured on BBC Radio 4’s You & Yours programme just before 1pm today. It can be heard here at 31.43 Leaseholders at the site were interviewed, including Kadian Kennelly, 32, and Patrick Majszyk, 32. Sir Peter Bottomley said he was still seeking explanation from the site’s […]
A good article in the Telegraph about leasehold newbuild flats being on the rise. They make up 43pc of all newbuild registrations with the Land Registry, compared with 22pc in 1996. While leasehold newbuild flats were up by roughly 10,000, leasehold houses also sharply increased: registrations of newbuild detached leasehold houses more than doubled in […]
BBC Radio 4 featured issues concerning leasehold flats in local authority owned blocks. LKP has long been concerned about the issue of major works where huge bills are presented to leaseholders (tenants pay nothing, obviously). So many private leaseholders are wiped out by these huge bills that Southwark has a policy of buying up right-to-buy […]
Questions must now be asked of housebuilders playing the leasehold game by building leasehold houses wherever possible in preference to freehold. Some of the country’s biggest housebuilders – such as Persimmon and Bellway – are involved in the racket. Politicians supposedly concerned with issues of leasehold should be questioning this matter. Indeed, Persimmon should be […]
In a wide ranging BBC 5 Live Investigates programme on leasehold scandals – which can be heard here – Sir Peter Bottomley said the Charity Commission should recognise LKP’s application without further delays. He told interviewer Adrian Goldberg on May 24 (for which LKP reproduces the transcript below): “The Charity Commission need to register Leasehold […]
The Daily Mail today brings to light a scandal of current housebuilding: the building of free-standing leasehold houses. This is in preference to freehold, which is the form of tenure that these houses would normally be. The newspaper highlights London Road in Peterborough where Persimmon is building three bedroom houses and selling them as leasehold […]
Farieda Chandoo, 61, George Osborne’s childhood nanny, is a passionate believer in the right-to-buy – which the Tories want to extend to housing associations – but her experience of owning a flat in a council block has been disastrous. Now her case, reported on LKP in February 2014 here has been reported in the Sunday Times. […]
Sir Peter Bottomley, newly re-elected for Worthing West, told the BBC this morning that he will fight as hard as he can for leaseholders who have been ripped off. The interview on Brighton-based BBC Sussex also featured the retirement site Oakland Court where residents won a court case involving £137,000 paid in rent for the […]
The Daily Telegraph yesterday published an excellent balancing article to the usual advert-friendly dross that accompanies features on retirement housing. It can be read here. Please do comment on it (and here, of course). Written by Fleet Street veteran Liz Hodgkinson, the article addresses the points raised by Campaign against retirement leasehold exploitation – which […]
Bad news for LKP, our MP patrons, and anyone else who cares about the Sisyphean labour of trying to encourage integrity and honesty in our corporate governance. The law firm Pinsent Masons has found that 2,500 whistleblowers approached the Serious Fraud Office, but that only resulted in a dozen investigations, the Times reports today. No […]
(Sounds like an email to LKP from an aggrieved leaseholder …) Vincent Tchenguiz’s £2.2 billion legal action against accountants Grant Thornton has suffered a set-back as his documentation was described by a judge as “too long and failed to make clear the facts of the case”. Tchenguiz wants compo from Grant Thornton which he believes […]
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.
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.
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 […]