September 17, 2021

You and Yours features Campaign against retirement leasehold exploitation and OFT inquiry into leasehold management

The influential BBC Radio 4 programme You and Yours yesterday featured retirement leasehold. This is an area of “most concern” according to Douglas Cooper, of the Office of Fair Trading, which is carrying out an inquiry into leasehold management. The programme can be heard here and the item begins 46 minutes into the programme.

Campaign against retirement leasehold exploitation whistleblowers were THREATENED with prosecution if they went public over OFT’s feeble £500k investigation into Peverel-Cirrus

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 […]

Three MPs tell Entwistle to pay up more over Peverel / Cirrus scandal, or accept binding mediation

Janet Entwistle, the chief executive of Peverel, was this afternoon sent a open letter from Sir Peter Bottomley demanding higher compensation to sites cheated in the Cirrus cartel, or to accept independent binding mediation. The letter is backed by Ed Davey, Energy Secretary and LibDem MP for Surbiton and Kingston, and Jim Fitzpatrick, MP for […]

Peverel should pay back £700,000 over price-fixing not £100,000, says Campaign against retirement leasehold exploitation whistleblower

FULL LIST OF PEVEREL / CIRRUS SCAM SITE One of the Campaign against retirement leasehold exploitation whistleblowers who reported the Peverel / Cirrus price-fixing scam says Peverel should be paying at least £700,000 to the sites affected. Peverel’s offer to make a “goodwill payment” of 10 per cent of the cost of sham tenders to […]

Campaign against retirement leasehold exploitation / LKP gets full investigation into leasehold management by the Office of Fair Trading

The Office of Fair Trading today announced a full investigation into leasehold in England and Wales. The announcement has been prompted by the campaigning of the Leasehold Knowledge Partnership (www.leaseholdknowledge.com) and its sister website Campaign against retirement leasehold exploitation (www.betterretirementhousing.com), the Campaign Against Retirement Leasehold Exploitation. In September LKP / Campaign against retirement leasehold exploitation […]

Office of Fair Trading deal over exit and sub-letting fees with Tchenguiz

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12 August 2012: The Office of Fair Trading (OFT) has secured undertakings from Fairhold Homes Ltd and associated companies (Fairhold) owned by the Tchenguiz Family Trust  to change how they charge and enforce transfer fee terms in their 53,000 retirement home leases. The OFT has been investigating exit fees, […]

OFT’s price-fixing investigation into Peverel costs £458,000

A breakdown of costs of the OFT (Office of Fair Trading) investigation into the Peverel / Cirrus price-fixing scandal has been handed to Sir Peter Bottomley. It shows the cost of the investigation is £458,000, accounting for 10,660 hours of work. The costs were outlined after a meeting with the OFT on August 22 chaired […]

Bottomley: ‘possible criminal behaviour involving Peverel’ over tendering scams

Articles in The Times in 2009 also show Campaign against retirement leasehold exploitation had publicly raised the issue of Cirrus’s tendering scams before Peverel turned itself in   Sir Peter Bottomley has waded into the Peverel price-fixing scandal by publicly doubting whether the company had “confessed” to the Office of Fair Trading before being alerted […]

Campaign against retirement leasehold exploitation whistleblowers furious as OFT may give Peverel immunity over price-fixing

UPDATE July 10 2013: Campaign against retirement leasehold exploitation received this email from the Office of Fair Trading this afternoon, shortly after a Campaign against retirement leasehold exploitation meeting with Sir Peter Bottomley: I am the team leader for the OFT’s investigation into certain access control and alarm systems companies, with respect to which the […]

End transfer fees, or let LVTs rule on whether they are reasonable, says OFT

Parliament should end the levying of transfer fees – that is, exit fees and sub-letting fees – or allow the Leasehold Valuation Tribunals to rule on their reasonableness, This is one of the key findings in the Office of Fair Trading’s prolonged investigation – published today – into a lucrative and unjustifiable earner that is […]

OFT does deal with Tchenguiz to cut sub-letting fees to £85 at retirement developments – but exit fees on sale still stand

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12  The Office of Fair Trading (OFT) has secured undertakings from Fairhold Homes Ltd and associated companies (Fairhold) owned by the Tchenguiz Family Trust  to change how they charge and enforce transfer fee terms in their 53,000 retirement home leases. The OFT has been investigating exit fees, which are […]

OFT announcement on exit fees not as “substantive” as we all hoped … oh, and the timing has “slipped”

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12  When the Office of Fair Trading finally says something about the issue of exit fees, it won’t be concerning the whole leasehold sector but only one single company. This information has been given to a Campaign against retirement leasehold exploitation / LKP activist in an email from one […]