June 26, 2017

Archives for April 2017

DCLG stakeholders hear of ‘calamitous’ Law Commission report on exit fees

The DCLG leasehold stakeholders’ group was told yesterday that the Law Commission report into exit and other fees published earlier this month was ‘calamitous’. The study had come about following the Office of Fair Trading investigations into the retirement housing sector. One concerned the systematic cheating of pensioners over the Peverel / Cirrus collusive tendering […]

FirstPort fined £360,000 over fatal fire at Gibson Court

The property management company FirstPort was fined £360,000 today over the fatal fire at Gibson Court on September 30 2011. More here The full sentence is not available at this time. The following statement has been provided to Carlex / LKP by FirstPort chief executive Nigel Howell. “We are sincerely sorry for and deeply regret […]

Law Commission: you will create an investment asset class, not protections for pensioners

Martin Boyd replies to Stephen Lewis, of the Law Commission, on his report into retirement housing event fees We are a tiny charity that you kindly credit as being one of the key drivers in initiating your work with event fee project. Unlike others we were not part of your advisory panel, but we have […]

My granny’s Audley Retirement home ‘was a money pit’ costing £48,000 in exit fees

The Sunday Times yesterday published a powerful article by Harriet Meyer revealing how her family spent £48,160 in fees on selling at Audley Retirement flat. Audley Retirement is one of the upmarket providers in the sector, which Carlex has long argued has even greater exploitative practices at the higher end than the lower. Harriet’s grandparents […]