The Tchenguiz activities in leasehold property were highlighted in the House of Commons yesterday by Sir Peter Bottomley. In a brief aside during debate over the private rented sector, Sir Peter referred to “the Tchenguiz interests featuring in the Office of Fair Trading report on abuses of leaseholders, overvaluations of freeholds and the sale of […]
OFT leasehold management inquiry now INCLUDES housing associations
March 4, 2014 By
The Office of Fair Trading today announced its leasehold management inquiry and will include housing association and council leaseholders. The scope is defined here This was a key point urged by Campaign against retirement leasehold exploitation and, largely on its prompting, more than 100 leaseholders wrote to the OFT demanding their inclusion.
Campaign against retirement leasehold exploitation whistleblowers were THREATENED with prosecution if they went public over OFT’s feeble £500k investigation into Peverel-Cirrus
March 4, 2014 By
The three Campaign against retirement leasehold exploitation whistleblowers of the Peverel-Cirrus scam were threatened with prosecution by the Office of Fair Trading if they revealed the investigation. The threat was minuted by the OFT on September 27 2012 even though it had already decided to give Peverel leniency and not take any action. In a […]
Cirrus tee-hee email: Cheating oldies is ‘not an official part of the process (tee hee)’
March 4, 2014 By
Any retirement site on the list should contact Campaign against retirement leasehold exploitation to ensure proper compensation is paid for this cheating The secret contempt with which Peverel-Cirrus treated their elderly, vulnerable customers is revealed by the Office of Fair Trading. It has published emails from Cirrus employees in its full 268-report into the price-fixing […]
Places for People defeated by Yorkshire pensioners who stopped paying service charges
March 3, 2014 By
The housing association Places for People has come off worse after taking 12 retirement leaseholders to the property tribunal for refusing to pay services charges. The dispute concerned payments for the house manager’s terraced house at Hall Mews, in Boston Spa, in Yorkshire. Feelings run high on the issue, and around 30 neighbours packed into […]
Devon pensioners humiliate Y and Y Management in tribunal ruling
February 28, 2014 By
London-based freeholder Israel Moskovitz and his business partner Joseph Gurvits must rue the day they snapped up at auction the freeholds of retirement sites in Devon. After a two-year legal marathon – which saw Moskovitz trying (and failing) to interest the Court of Appeal – Regent Court at last takes up its right to manage […]
After homeowner gets £6,000 premium, will leasehold flood insurance be the latest scam?
February 28, 2014 By
Leasehold flood insurance: The owner of a leasehold house in Kingston, Surrey, has been quoted an insurance premium of £6,344 as a result of the flooding. And if he does get flooded, there will be a £10,000 excess – even though Kingston has been unaffected by the recent flooding. The owner, who rents out the […]
Tchenguiz backs down over demanding £5,000 from couple … for a conservatory built more than 20 years ago!
February 20, 2014 By
The Tchenguiz Family Trust has backed down on demanding £5,000 for consent for a conservatory that was attached to a retirement leasehold bungalow more than 20 years ago. Two days ago, Campaign against retirement leasehold exploitation raised the issue with Estates and Management, which manages the Tchenguiz residential freehold portfolio. The original story can be […]
Tchenguiz Family Trust seeks £5,000 for conservatory ‘built 25 years ago’ … and Peverel will not permit their house manager to confirm when it was built
February 18, 2014 By
A couple who own a retirement bungalow with a conservatory face a demand for £5,000 from the Tchenguiz Family Trust freeholder. And the money might not need to be paid at all if the Peverel house manager were permitted to confirm the date when the conservatory was built – but she has been instructed not […]
‘Too little to protect Homewalk House against intruders’
February 17, 2014 By
After two break-ins in a London retirement leasehold site nothing has been done to improve residents’ security, a Campaign against retirement leasehold exploitation reader has complained. In June and October last year intruders broke in to Homewalk House in Sydenham, south-east London, and one arrest has been made. “It was a very frightening experience for […]
Leasehold owners excluded from government’s insurance scheme Flood Re
February 15, 2014 By
This joint press release, issued on January 23 has received considerable coverage in the media, including MoneyBox Live on Radio 4 today. The Leasehold Knowledge Partnership, which has been referred to in the FT among, provided figures demonstrating that the leasehold sector is far larger than government – on anyone else for that matter – […]
Number of leasehold homes is DOUBLE the figure the government believes, according to the Leasehold Knowledge Partnership
February 14, 2014 By
Shocking survey HERE The residential leasehold sector – mainly flats – is the murky corner of the housing market … and it is far larger than any government body has realised. The Leasehold Knowledge Partnership, the sister organisation of Campaign against retirement leasehold exploitation, today publishes a report demonstrating that there are 5.37 million leasehold […]
