October 24, 2016

Guardian reports Warner Court breaking free from FirstPort and Tchenguiz

The Guardian newspaper today reports the right to manage struggle at Warner Court in Camberley, Surrey, and its efforts to break free of the Tchenguiz / FirstPort management. There has been a cascade of retirement right to manage applications this summer. Carlex reports the issues of Warner Court here Many retirement sites are seeing the […]

Downy Court seeks sale of house manager’s flat as residents vote on live-out service

Residents at Downy Court in Poole are voting to end their live-in house manager service at the end of the month as a way of cutting service charges.

The flat is one of hundreds owned by FirstPort that was granted a lease in 2009, when Vincent Tchenguiz, who owns the freehold, also owned Peverel, which became FirstPort last year.

The residents have already received £6,200 in LED lighting and FirstPort will put £5,000 into the contingency fund.

A two-bedroom flat at Downy Court is offered for sale at £118,000, so if the residents vote to end the in-house manager’s service they will also be making an extremely generous gift to FirstPort.

Warner Court, in Berkshire, breaks free of Tchenguiz and FirstPort with right to manage

Another day, another retirement site – Warner Court – decides to break free of the Vincent Tchenguiz organisation and FirstPort to appoint its own management through right to manage. The RTM at Warner Court, in Sandhurst, Berkshire, takes over on September 15, which means another retirement site will almost certainly slip from FirstPort’s grasp. The […]

Brexit hits retirement housing sales

Just about every marketing department in the country has come up with Brexit “research” to grab headlines, and FirstPort’s Retirement Homesearch estate agency has joined in. It says that in the second quarter of 2016, new buyer registrations for retirement properties slipped by more than 20% from the first quarter to 4,744. This figure is […]

No porkies at Sandbanks, but is ending the in-house manager going to save money?

UPDATED August 1 2016. 20:17 Residents at Sandbanks at Hoylake, in the Wirral, are pondering the issue of whether to continue to have an in-house manager. It is a later McCarthy and Stone retirement site, completed in 2008 and one of the last freeholds to be sold off to Vincent Tchenguiz’s interests, in this case, Fairhold […]

Warner Court sky-high sublet costs when a relative goes into care

This is a recent inquiry to Carlex from Warner Court, in Sandhurst, Berkshire: “My mother-in-law owns a flat and may have to go into a care home. “We were considering renting out the property but have been told by E & M [the Tchenguiz interests based in the British Virgin islands], that in addition to […]

Kyle Court in Scotland: FirstPort just won’t spend our money

This is the sort of dilemma leasehold owners in retirement sites in England and Wales can only dream about. Residents at Kyle Court in Ayr, a McCarthy and Stone site built in 1992 and managed (inevitably) by FirstPort, want to spend around £8,000 in the contingency fund on painting balconies and the outside walls. But […]

Stonewater pensioners ‘turn to Freemont Property Managers for right to manage’

Pensioners at two Stonewater housing association retirement sites are said to be seeking right to manage using Freemont Property Managers – the company founded by ex-Peverel politburo members. Some held senior positions in the company when Peverel’s subsidiary Cirrus was systematically cheating pensioners in a price fixing racket that was busted by the Office of […]

ARMA regulator’s sanctions against FirstPort ‘did not address seriousness of what took place’

The admonition delivered to FirstPort for attempting to sell off house managers’ flats has not satisfied complainant Alex Ellison. “I am, of course, pleased that you upheld my complaint and that you have imposed disciplinary sanctions on FirstPort,” she has written to the ARMA regulator Keith Hill. “… However, disciplinary sanctions alone do not seem to adequately […]

Dear ARMA and ARHM, why does FirstPort not put Appello contract out to tender?

A day after FirstPort Retirement was admonished by the Association of Residential Managing Agents a letter has just been sent off to the trade body’s CEO Nigel Glen questioning its tendering processes. Alan and Ann Merryweather, of Lyon Close in Clacton on Sea in Essex, want to know why a quote for a emergency cord […]

ARMA rules against FirstPort Retirement …

Humiliating criticism for the trouble property manager, but the path is now clear for it to apply for membership of the trade body The regulator of the Association of Residential Managing Agents (ARMA) has admonished on two counts Peverel / FirstPort Retirement, which was applying to join the organisation. But the decision means the controversial […]

ARMA regulator to rule on whether to admit FirstPort Retirement ‘within days’

After more than three months of deliberation, the Rt Hon Keith Hill, regulator of the Association of Residential Managing Agents, is poised to make a decision on whether Peverel / FirstPort Retirement is a fit and proper candidate to join the association. Alex Ellison, and others, made a series of complaints concerning Peverel / FirstPort […]