In an extraordinary admission, Peverel / FirstPort says it has paid over thousands of pounds of contingency funds at Hillside Court, Ormskirk, to the landlord “by mistake”. Residents estimate that up to £40,000 is at issue, involving the one per cent contingency fund fess payable on sale of the properties.
A son trying to sell his deceased mother’s retirement leasehold flat has been told that he will have to pay double the council tax on the empty property. The flat has fallen foul of Chester’s efforts to penalise owners of empty properties so that they are brought back into use – and increase revenues for […]
Susan Wood (left) failed in her court struggle earlier this week to be reimbursed the £1,150 in exit fees paid when her late father’s retirement leasehold flat was sold in 2010. Wood, a long-standing activist with the Campaign Against Retirement Leasehold Exploitation (Campaign against retirement leasehold exploitation), argued that as the fee was for a […]
Leasehold concerns that the Office of Fair Trading’s deal with the Tchenguiz Family Trust over exit and sub-letting fees would be restricted to Fairhold, as indicated on the OFT’s press release of September 6 (see below) appear to be unfounded. LKP activist Alan Eadie has received a letter from the Tchenguiz Estate & Management yesterday […]
The Office of Fair Trading has secured undertakings from Fairhold Homes Ltd and associated companies controlled by the Tchenguiz Family Trust to change how they charge retirement leasehold transfer fees at their 53,000 retirement developments. The OFT has been investigating exit fees, which are payable when a tenant sells or lets out their retirement home […]
A letter to a Campaign Against Retirement Leasehold Exploitation reveals that the Office of Fair Trading, whose seemingly interminable investigation into exit fees on sale of leasehold retirement properties has lasted three years, will be making a “substantive announcement” in August. The news comes in a letter of July 11 from Martin Harvey, of the […]
Housing minister Grant Shapps has ruled out statutory regulation of the leasehold sector, but may well introduce measures to improve Leasehold Valuation Tribunals. Furthermore, an announcement on the fraught issue of “exit fees” in the leasehold retirement sector, which are payable when a flat is sold, can be expected soon. These have been the subject […]
Hanover housing association, which manages 17,000 retirement properties, attacks Office of Fair Trading for its bungling three-year investigation into exit fees OFT: Fancy logo and generous budget, but what does it actually do? The Hanover Housing Association, which manages 19,000 retirement properties, has issued a devastating criticism of the Office of Fair Trading for […]