Following up the Carlex story of Hanover losing £500,000 over the SmartSource Water scandal, it now emerges that Housing 21 lost £250,000. Inside Housing, the newspaper for social housing providers, says SmartSource Water was like a “pyramid scheme” which has left several housing associations among creditors facing millions of pounds of combined losses.
Archives for August 2014
Battle-scared Carlex veteran Norman Greed has pulled off another coup for residents at Eddington Court: a £5,000 repayment on insurance commissions from the Tchenguiz Family Trust. In June Mr Greed, a director of the Eddington Court RTM claimed £10,000 on past insurance commissions to Kingsborough and Oval.
The Peverel / Cirrus price-fixing story so far: – 2005 to 2009 Peverel cheats pensioners at 65 site by installing Cirrus equipment through bogus tendering – Carlex alerts police, SFO and OFT, and The Times publishes article on December 4 2009 – But Office of Fair Trading gives Peverel “leniency” for turning itself in at […]
Following discussions with Carlex, McCarthy and Stone is dropping the one per cent contingency fund contribution that has to be paid every time a flat is rented out. It is replacing the sublet fees, which are a percentage of either the purchase price or market value of a flat, with a one-off payment of £80 plus […]
Why was a new lease issued to Peverel on a house manager’s flat, when the residents’ leases say this should not be done?
The issue of the ownership of the house manager’s flat at Mere Court, Knutsford, has again been raised, this time with the Land Registry. Alex Ellison, whose mother lives at the site, wrote explaining that all the leases at Mere Court (registered under the freehold title of CH261040) were created 20 years ago. In all […]
Retirement exit fees may get the chop, at last! The new DCLG leasehold team, with whom Carlex / LKP has been working closely, yesterday announced a range of measures in addition to “Florrie’s Law” (see LKP) and acceptance that the residential leasehold sector is far larger than was previously thought. They include referring exit fees […]
Following consideration of LKP data, the government has today accepted that that the leasehold sector is far larger than was thought: there are 4.1 million leasehold properties in the private sector in England. This is a 63 per cent increase on previous estimates of 2.5 million.
– House manager’s flat sold for £105,000, with £15,000 paid into reserve fund – Unexplained ‘goodwill payments’ over management disputes – Hanover addresses disastrous £500,000 loss in Smartsource Water – Former executives say ‘it wasn’t our fault’ – Grumbling over exclusive Hurlingham Club beano for Hanover staff Residents at Leonard Hackett Court, in Bournemouth, […]
… But it wants further feedback, so let them have it! … Oh, and you are all happier than those in non-retirement flats! The Competition and Markets Authority (CMA) has today issued an update on its market study (see below) into the provision of residential property management services in England and Wales. LKP / Carlex […]
… while “under review”, Cirrus sponsors the ARHM summer conference and is doled out generous contracts In the club: Richard Wheeldon, ARHM vice chair, part of the Cirrus review team and an executive of Housing and Care 21 housing association. It handed out a bumper contract to Cirrus in February, two months after the OFT […]