May 26, 2019

London Assembly damns property management racket

A London Assembly report into leasehold service charges published today is a devastating attack on the Tchenguiz/Peverel stealth charge business model and it urges the property industry to clean up its act. Referring to “opaque” service charges regimes at numerous London developments, the report can also be read as veiled criticism of Housing Minister Grant […]

March news headlines

31.03.12 – Lords to debate leasehold abuses The House of Lords is to debate residential service charges next month. The move comes from Baroness Gardner (left) following meetings with Melissa Briggs and Sebastian O’Kelly, of the Leasehold Knowledge Partnership, in February. Baroness Gardner, a former Westminster councillor who as an Australian comes from a country […]

Charter Quay keep out County Estates Management

Charter Quay, Kingston: its LVT victory is the most damning document against the whole leasehold racket 29.02.2012 Today the LVT published its decision for HML Andertons to continue as their Tribunal appointed managing agent at Charter Quay, Kingston, until the end of 2014. In their findings the Tribunal made very strong criticisms of their Tchenguiz […]

Chainbow merges block management business with Trinity

You read it here first.  This Property Week article by David Doyle was published on the 27th January. Chainbow has merged its block management business with Trinity (Estates) Property Management to form Trinity Chainbow – an enlarged block management business servicing around 40,000 home-owners. At the same time Southam will realign the remaining Chainbow business […]

‘Sub-letting fees aren’t fair, and I’m not paying’

A fanfare of trumpets for Joanna Worth, 49, who is making a stand against exit fees. Joanna is defying Peverel, which is demanding one per cent of the capital value of her flat in Beckenham, Kent, because she has sub-let it out to a pensioner. So far she has received three communications from Peverel, including […]

Exit fees: second response to Campaign against retirement leasehold exploitation from the OFT

  Anyone having to pay stealth charge exit fees on selling – or letting – their retirement flat may wonder whether John Fingleton, chief executive of the Office of Fair Trading, is worth his £279,999 salary. The OFT has been written off as toothless several times. It obviously just hoped the retirement flat issue would […]

February news archive

As there is so much news to share, we are now publishing it as separate articles. Click on the read more links for the full stories 17.3.12 – Enfranchisement or buying your freehold News on the Block published a whole section on this topic in issue 58, plus various articles on service charges.  We will […]

Battle with Lakeside Developments and Trust Property Management

Colin Dennard, 71, had always been an owner of freehold houses, so he was astonished at how the charges mounted up at his 28-year-old son’s £160,000 leasehold flat in a block of only ten at Bournemouth. The development, called the Bays, had developers Lakeside Developments as the landlords with Trust Property Management as the managing […]

Chelsea Bridge Wharf wins first round of RTM struggle

Unhappiness at Chelsea Bridge Wharf For anyone thinking about buying Peverel – and the administrators are now in serious talks with a buyer – it looks like yet another flagship Thames-side development is about to slip out of its clutches. Chelsea Bridge Wharf, beside the old Battersea Power Station site, is in the process of […]

Chelsea Bridge Wharf wins first round in RTM struggle

Unhappiness at Chelsea Bridge Wharf – thanks to you-know-who. St George’s Wharf and Charter Quay, Kingston, are two other riverside disasters for Peverel For anyone thinking about buying Peverel – and the administrators are now in serious talks with a buyer – it looks like yet another flagship Thames-side development is about to slip out […]

London Assembly prepares evidence for leasehold report

The London Assembly report into the woes of leaseholders is shaping up to create a rift with central government, and particularly Housing Minister Grant Schapps. The Assembly is still gathering evidence, but what it has accumulated so far is pretty damning. With more than 90 written detailed written submissions there has never been such a […]

Aussie baroness told leasehold law is just fine as it is

The government has no plans to introduce changes to leasehold law, regulated managing agents, enforce a code of practice or even insist that managing agents belong to an ombudsman scheme. That was the answer on Tuesday in the Lords to Baroness Gardner, who is a former dentist known as Trixie who is from Australia – […]

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