March 25, 2017

Fryzer Property Services lifts ‘ban’ on relatives at major works meeting

Residents at Oakland Court, in Worthing, West Sussex, were told that “friends, relatives and carers” could not attend a meeting next week to discuss major works at the site. The ban came from Fryzer Property Services, but has now been rescinded after indignant residents contacted Carlex. We in turn referred the matter to the local […]

‘If I fail to offend anyone, I will do it next time,’ Bottomley tells appalled LEASE conference

Leasehold sector insiders were aghast at the address given by Sir Peter Bottomley on Wednesday at the Leasehold Advisory Service “annual conference”. The event was packed with surveyors, valuers, lawyers and property managing agents paying £350 a head to attend what has until now been the most important trade show of the sector. Earlier housing […]

The day the Leasehold Advisory Service was returned to leaseholders

– Sector insiders paying £350 each at LEASE’s ‘annual conference’ are told by housing minister Gavin Barwell that leaseholders are the priority – It will be given the funds to do its job properly without pandering to the commercial interests in leasehold – Onerous ground rents wrong, says minister. But chartered surveyor valuers tell audience how to […]

The Guardian reports the £8,000 a year ground rents at Blythe Court

The Guardian newspaper has today reported the Blythe Court ground rent scandal that has left leaseholders with bills of up to £8,000 a year. In 95 years the ground rents can reach £8 million a year for a one-bedroom flat bought for £58,000, says the article, written by Guardian staff reporter Rupert Jones. It quotes […]

The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’

The Times today (September 10 2016) reports the research by Carlex into re-sale values recorded on the Land Registry for retirement properties. The article, headed “Exit fees and poor resale values: the uncomfortable truth about retirement homes”, quotes Carlex / LKP patron Sir Peter Bottomley, who earlier this week established the All Party Parliamentary Group […]

Law Commission: ‘We want to hear your problems with leasehold law’

LKP met Professor Nick Hopkins, the Law Commissioner concerned with property law, at Westminster yesterday. The meeting, held by Sir Peter Bottomley and Jim Fitzpatrick – the MP patrons of LKP – and trustees Martin Boyd and Sebastian O’Kelly – concerned issues surrounding leasehold law as part of the 13th law reform consultation which launched […]

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 […]

No more think tank ‘research’ into retirement housing paid for by housebuilders, please

The Westminster roundtable heard yesterday that think tank ‘research’ paid for by housebuilders or their trade bodies routinely avoided all reference to problems in the retirement housing sector. The event was organised by Carlex / LKP, and hosted by the charity’s MP patrons Jim Fitzpatrick and Sir Peter Bottomley, and was attended by 50 leasehold […]

Bob Bessell hands £7 million of retirement freeholds to the residents

… and the housebuilder wants an end to ‘feudal’ ground rents, too! Bob Bessell, founder of housebuilder Retirement Security, yesterday pledged to leave his freehold portfolio – worth £7 million – in a trust controlled by the pensioner residents at his sites. The undertaking was made at a Westminster roundtable organised by Carlex / LKP […]

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, […]

Law Commission outlines ‘event’ fee report, but still wants to hear from leaseholders

About 100 of those who have contributed to the Law Commission report into retirement housing “event” fees were invited to an evening get-together at Westminster last Thursday. There was wine and canapés and gossip, after attendees had digested the evening’s theme “Building Fairness: Growing a housing market older people can trust”. Esther Rantzen was the […]

Realities of leasehold spelled out during the Housing Bill

– Commons urged to back amendment to abolish leasehold by 2020 in favour of commonhold – Tchenguiz, Peverel and Cirrus get another Commons naming – McCarthy and Stone told to explain collapsed second-hand values of retirement flats – Leasehold Knowledge Partnership praised, and thanked for reasonably accurate figures for leasehold sector Labour MP and LKP […]