June 29, 2017

Archives for March 2016

BBC Radio 4 on housing association leasehold … and a German asks: is it safe to buy a flat in London?

Housing association leasehold featured on the BBC Radio 4 consumer show You and Yours today … and LKP managed to make a case for commonhold as an alternative. Click here to listen at 18.20 minutes in The programme concerned Pam Pearson, a leaseholder whose flat was left cold and damp after a cavity wall outfit […]

20 MPs sign up to All-Party Parliamentary Group on leasehold and commonhold

Just before Easter it was decided to form an All-Party Parliamentary Group on residential leasehold and commonhold. It is proposed that the chairmen will be jointly Sir Peter Bottomley and Jim Fitzpatrick, both patrons of LKP, and LKP will provide the secretariat. So far 20 MPs and Lords have signed up to join the group, […]

Carlex tells Parliament: ‘feeling in retirement leasehold is that the bad guys always win’

Last Wednesday saw a session of Lord Best’s All Party Parliamentary Group on retirement housing and care. Sebastian O’Kelly, trustee of Carlex / LKP, made the following points about private leasehold retirement housing to the APPG: In part, the elderly are not downsizing to retirement housing because they think they will be cheated, and they […]

Housing and Care 21: We’ve made a mess at Ashfield, so manage the site yourselves

Housing and Care 21 handed over the management to residents at Ashfield, a retirement site in Telford in Shropshire, after admitting that it had been badly run. For the past three months, the complex of 26 semi and detached bungalows with a community centre and flat above has been self-managed by the residents through a […]

LKP / Carlex suggestions prompt amendments to Housing Bill

The House of Lords today discussed LKP suggested amendments to the Housing Bill to increase fairness for leaseholders. Proposed by Lord Young of Cookham – better known as the former Conservative MP Sir George Young – the first of his two amendments aimed to “level the playing field—which is currently tilted in favour of freeholders—for […]

Spot the difference: questions to LEASE, questions to Carlex / LKP

The Leasehold Advisory Service has produced its top 20 list of most frequently asked questions. They seem to be more anodyne and uncontroversial than the sort that we routinely receive, so we have decided to do our own list below. Unlike LEASE, we have no interest in trying to square a circle and demonstrate that […]

Average non-retirement service charges are £1,863, but rise to £2,777 for new builds

The average annual property service charge in Britain is £1,863The service charges for new builds are 96 per cent higher than older properties and average £2,777 Ground rents are on average £371 a year for new build and £327 for pre-2016 properties. A third (33 per cent) of management companies have increased service charges in […]

The Homestead next on FirstPort’s list to flog the house manager’s flat

Residents at The Homestead, a complex of 31 flats in Lytham St Anne’s, is the latest retirement site where FirstPort is angling for the sale of the house manager’s flat. The site was built in 1986, but almost certainly a lease was issued on the house manager’s flat in 2009, when Tchenguiz was stripping value […]

Regulator to rule on whether scandal-hit Peverel / FirstPort Retirement is fit to be a member of ARMA

FirstPort Retirement, formerly Peverel, should not be admitted to ARMA because it has an unaccounted-for portfolio of house managers’ flats and has a track record of misleading residents when trying to sell them. These were the arguments put on Monday to Keith Hill, a former New Labour housing minister, who is the regulator of ARMA […]