Owens Installations Limited Archives - Leasehold Knowledge Partnership

OFT price-fixing cheat Glyn Jackson is back at Peverel sites

August 21, 2014 By admin

Eight months after the Office of Fair Trading revealed the Cirrus collusive tendering scandal, scamming contractor Glyn Jackson is again working on retirement sites managed by Peverel. Glyn Jackson, whose company did not pay an OFT fine of £35,700 after going into liquidation,, is this week installing similar electronic systems with a new company at the Adelphi retirement site […]

Sebastian O’Kelly
Martin Boyd
sok@leaseholdknowledge.com
martin.boyd@leaseholdknowledge.com

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Law Commission likely to end the exit and sublet fee payola

Leasehold exit and sublet fees have been referred to the Law Commission, which will almost certainly be the end of them. This means anyone selling or renting out a retirement or non-retirement flat should keep all documentation with a view to making a claim in two and half years time.

Brokenshire announces £200m Grenfell cladding removal fund – hours after APPG meeting of leaseholders

UPDATING … A £200 million fund to remove Grenfell cladding from private blocks was announced this morning by Communities Secretary James Brokenshire on the BBCR4 Today programme. It can be heard at 07.10 here This action has been long predicted by LKP, believing that ministers’ appeals to freeholders and developers to “do the decent thing” […]

Taylor Wimpey abandons the leasehold houses racket from January 1

Taylor Wimpey has undertaken to cease building revenue generating leasehold houses from January 1. The announcement comes in a letter to LKP MP patrons Jim Fitzpatrick and Sir Peter Bottomley, and was made before the All Party Parliamentary Group meeting last Wednesday. Taylor Wimpey says that it sold leasehold houses in the North West, a […]

ITV News covers the leasehold house scandal, and homeowners stage mass demo on March 18

ITV News has again reported the leasehold house scandal, which particularly affects the North West. The item, broadcast on March 7, precedes increasing militancy from caught-out leasehold homeowners, some of whom cannot now sell their houses because of onerous ground rents. On March 18 a demonstration is planned by the National Leasehold Campaign Facebook group […]

Last year: £64.8bn leasehold properties sold. £13.7bn was new-build. Leasehold house numbers double. Developers make £300-500 million a year from ground rent sales

Land Registry data shows the scale of the leasehold market ¬ and reveals the importance of freehold sales to housebuilders. Research by the Leasehold Knowledge Partnership shows that £64.8 billion of leasehold sales were registered in 2015. £13.73 billion of that was new-build residential property. From this information, we can roughly estimate the level of […]

Taxpayers face £85,000 loss as Homes England accepts leaseholder can pay back loan on flat blighted by Grenfell cladding

Taxpayers face a loss of £85,000 on a Help To Buy loan at New Capital Quay after Homes England accepted that a flat blighted by Grenfell cladding was now worth only £50,000. Cecile Langevin, 32, a mother of two, bought her £475,000 flat with a £95,000 Help To Buy loan, savings and a mortgage in […]

The Sun / The Times urge caution over leasehold purchases, while The Times / Guardian / Mail report Barratt paying out £2m at Citiscape

The number of articles in the national press on leasehold issues continues to grow. Today sees two articles published, one in The Times where it reports on cladding and one in The Sun. The Sun gives its readers a very sensible cautionary guide to leasehold purchases including a mini guide to leasehold from LKP trustee […]

OFT price-fixing cheat Glyn Jackson is back at Peverel sites

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