24.04.2012 Peverel and Tchenguiz named in Parliament Both Peverel and Tchenguiz were named in a wide-ranging debate about leasehold service charges in the House of Lords yesterday. Campaign against retirement leasehold exploitation was also praised for its activities in highlighting exploitaton of residents in retirement developments. 23.04.2012 Lords debate on leasehold reform today Read our […]
Archives for April 2012
HSBC faces £40m bill for mis-selling to elderly in care
April 30, 2012 By
This particular scandal unfolded between 2005 & 2010, during which period NHFA (an HSBC subsidiary) sold completely unsuitable investments to 87 per cent of their customers – 2,485 people in total – in order to fund their care costs. NHFA was the leading supplier of financial advice on products to help pay for long-term care, […]
Buy freeholds to stay rich, says Sunday Times
April 29, 2012 By
Depressing news for anyone living in a leasehold flat: buying up freeholds is one of the best ways the rich can increase their wealth, according to the Sunday Times. One fund rose 5.8 per cent last year. This means freeholds are an attractive alternative to artworks or stamps, although London parking spaces have shown a […]
Wolverhampton flood victims win £16,000 at LVT … and are coming back again for £40,000 more
April 27, 2012 By
Celebrations at Market Square, Wolverhampton More than 100 residents at Wolverhampton city centre’s premier housing development were today(mon) celebrating victory in a battle with the landlord over a £16,000 repair bill – and are now planning to go back into action over a further £40,000 dispute. A tribunal has ruled that people living at seven-storey, […]
“I’m not saying everything everybody did was wonderful — it wasn’t,” says Janet Entwistle of Peverel
April 24, 2012 By
Below is an interview in Property Week with Janet Entwistle, the new chief executive of Peverel. It was originally headlined: New chief plans to put Peverel’s problems in past 20 April 2012 | By Emma Haslett Private equity owners hope Entwistle will combat Tchenguiz effect. Emma Haslett reports Janet Entwistle, newly appointed chief executive of […]
Plenty of opportunities … to load the bill
April 22, 2012 By
The law requires all charges levied by a landlord for services provided to be “reasonable” and “reasonably incurred” and to have been arrived at after a prescribed consultation process. Unfortunately, it is still easy for unscrupulous landlords and managing agents to exploit what is still an inadequately regulated sector, particularly where older residents are concerned. […]
