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 […]
The Leasehold Knowledge Partnership has at last come up with an accurate figure for the number of leaseholders there are in England and Wales, after analysing government statistics. It is far higher than the usually quotes 3 million.
The cleverness Peverel demonstrated over the Cirrus scam was revealed in The Oldie magazine this week. Had Peverel not suddenly decided to come clean in December 2009 – just after the issue had been reported in the Times, but before the full Campaign against retirement leasehold exploitation submission arrived in January 2010 – it […]
Last Saturday, The Independent wrote a wide-ranging report on leasehold issues and the need for reforms. Headed ‘The secret of how to give your flat a new lease of life … ‘ it was, in fact, a round-up of: the Cirrus scandal, the OFT investigation into leasehold (the scope of which concludes on January 17), […]
By Sebastian O’Kelly Well, unfortunately Eric Pickles, the Communities Secretary, had problems with his phone link, so fewer leasehold points were addressed than was hoped. Nonetheless, it was an excellent piece of live radio that covered a number of important points in local authority leasehold. First, the programme reported the case of Florence Bourne, 93, […]