April 23, 2017

Exit fees: second response to Carlex from the OFT

  Anyone having to pay stealth charge exit fees on selling – or letting – their retirement flat may wonder whether John Fingleton, chief executive of the Office of Fair Trading, is worth his £279,999 salary. The OFT has been written off as toothless several times. It obviously just hoped the retirement flat issue would […]

February news archive

As there is so much news to share, we are now publishing it as separate articles. Click on the read more links for the full stories 17.3.12 – Enfranchisement or buying your freehold News on the Block published a whole section on this topic in issue 58, plus various articles on service charges.  We will […]

Battle with Lakeside Developments and Trust Property Management

Colin Dennard, 71, had always been an owner of freehold houses, so he was astonished at how the charges mounted up at his 28-year-old son’s £160,000 leasehold flat in a block of only ten at Bournemouth. The development, called the Bays, had developers Lakeside Developments as the landlords with Trust Property Management as the managing […]

Chelsea Bridge Wharf wins first round of RTM struggle

Unhappiness at Chelsea Bridge Wharf For anyone thinking about buying Peverel – and the administrators are now in serious talks with a buyer – it looks like yet another flagship Thames-side development is about to slip out of its clutches. Chelsea Bridge Wharf, beside the old Battersea Power Station site, is in the process of […]

Chelsea Bridge Wharf wins first round in RTM struggle

Unhappiness at Chelsea Bridge Wharf – thanks to you-know-who. St George’s Wharf and Charter Quay, Kingston, are two other riverside disasters for Peverel For anyone thinking about buying Peverel – and the administrators are now in serious talks with a buyer – it looks like yet another flagship Thames-side development is about to slip out […]

London Assembly prepares evidence for leasehold report

The London Assembly report into the woes of leaseholders is shaping up to create a rift with central government, and particularly Housing Minister Grant Schapps. The Assembly is still gathering evidence, but what it has accumulated so far is pretty damning. With more than 90 written detailed written submissions there has never been such a […]

Aussie baroness told leasehold law is just fine as it is

The government has no plans to introduce changes to leasehold law, regulated managing agents, enforce a code of practice or even insist that managing agents belong to an ombudsman scheme. That was the answer on Tuesday in the Lords to Baroness Gardner, who is a former dentist known as Trixie who is from Australia – […]

Peverel: how to sell up and avoid the fees

Are you in a retirement property, and in a position of trying to break free fron Peverel?  Maybe you’ve decided to move.  Or maybe bereavement has forced a sale. Here are a few pointers to guide you on your way, which have been collated from actual experiences. However, if any of you have anything to […]

How the media reported the tenants fighting back in 2011

Tenants are Fighting Back There were a number of excellent articles on leasehold in the press during 2011, but we are singling out Patrick Collinson’s comprehensive Guardian article of 12th February: “The Peverel Tenants who are Fighting back”. (See our Press Page for the link to this article.) Patrick detailed the Leasehold Valuation Tribunal decisions […]

How Southern Cross became an investment vehicle that couldn’t deliver

2011 has been a tumultuous year in the entire financial world.  However, some of the scandals which have been exposed have impacted particularly on the elderly. For starters, in June, Southern Cross lept into the limelight, for all the wrong reasons.  Southern Cross was a significant player in the Care Homes sector, with 752 care […]