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 […]
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.
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.
Two MPs closely involved with LKP / Campaign against retirement leasehold exploitation, Jim Fitzpatrick (Labour, Limehouse and Poplar) and Sir Peter Bottomley (Worthing West, Conservative) feature in an article on London leasehold issues published by Israeli magazine “ALondon”. Unfortunately, LKP’s Hebrew scholarship is not up to the task of reading the article. But with untranslated […]
This was reported in Andy McSmith’s political diary, here
The Mail on Sunday has today devoted more than a page of editorial to leasehold issues. The article bluntly outlines the abuses faced by leaseholders at the hand of monetising freeholders and the property managers, surveyors and lawyers who serve them. The article is illustrated with a photo of Emma Reynolds, MP, the Labour shadow […]
Sebastian O’Kelly, Campaign against retirement leasehold exploitation chairman and director of the Leasehold Knowledge Partnership, last night won a press award for his coverage of leasehold for the second year running. O’Kelly won the “Scoop of the Year” category for his report into the scandalous forfeiture of the £800,000 flat belonging to Dennis Jackson, at […]
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
Deidre Hipwell, of the Times, reports: Dodgy landlords should be on their guard after the Office of Fair Trading launched an investigation into the residential property management industry. After years of complaints from millions of flat owners claiming they were being overcharged for poor service to maintain their homes, the OFT said it wanted to […]
The work of Martin Boyd, co-director of the Leasehold Knowledge Partnership, to provide accurate leasehold figures was drawn to the attention of the Commons yesterday. Boyd used leasehold figures from the 2011 census and the National House-Building Council to conclude that there are 5.3 million leasehold properties rather than the 2.5 million repeated by government […]
The Financial Times refers to figures on the leasehold sector supplied by LKP in its report on flooding insurance. The article was written by insurance correspondent Alistair Gray.
The Leasehold Knowledge Partnership joined forces with the British Property Federation and the Council of Mortgage Lenders to warn government that millions of homes would be excluded from its flooding insurance initiative Flood Re.
Karen Peel – a regular on the LKP website and a leasehold activist who regularly helps others achieve right to manage – has featured in the Independent. Her story of how she tracked down more than 130 leasehold owners at the Pinnacle in Wakefield has long been known to readers of the Leasehold Knowledge Partnership […]