May 29, 2017

Ex-Peverel employee thwarted over right to manage for Tatton Court and Willow Court

UPDATE August 12 Yesterday evening Susan Earnshaw returned Carlex’s phone call and we discussed the issues of Tatton Court and Willow Court and the services provided by her company. We publish her full response below, but make a number of points: 1/ We tried but were unable to contact Mrs Earnshaw prior to publication of […]

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 […]

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 […]

Tatton Court latest Cheshire site seeking to dump Tchenguiz / FirstPort

Tatton Court is the latest Cheshire retirement site wanting to be rid of the FirstPort / Tchenguiz management which dominates private retirement housing. “We feel that you are being deliberately awkward in blocking our claim,” the RTM directors write to Estates and Management, the Tchenguiz company that manages his freehold portfolio. “We also feel that […]

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 […]

Boughton Hall’s £950,000 freehold for sale and it pays out 22% a year …

(… unless Law Commission’s exit fee report ends this income stream) It is not often that you are made an offer that it would be simply madness to refuse, and it is a great shame for the elderly at Boughton Hall in Chester that it has come so late in their lives. The 80 residents […]

Tchenguiz’s £2.2bn compo claim ‘liberally interspersed with assertions of fraud, falsity, dishonesty and improper motive’, says judge

(Sounds like an email to Carlex from an aggrieved leaseholder …) Vincent Tchenguiz’s £2.2 billion legal action against accountants Grant Thornton has suffered a set-back as his documentation was described by a judge as “too long and failed to make clear the facts of the case”. Tchenguiz wants compo from Grant Thornton which he believes […]

Tchenguiz’s PR company New Century Media detonates Bottomley during Queen’s Speech debate

Tchenguiz PR man named in Commons ‘Apology’ by obscure website to Vincent Tchenguiz read to MPs Sir Peter asks what was Tchenguiz’s role during the Peverel / Cirrus price fixing scandal? Tchenguiz freehold valuations questioned Why are huge loans issued against valuations ‘created from thin air’? Government should put pressure on professional standards bodies to […]

Tchenguiz leasehold interests raised in Commons

The Tchenguiz activities in leasehold property were highlighted in the House of Commons yesterday by Sir Peter Bottomley. In a brief aside during debate over the private rented sector, Sir Peter referred to “the Tchenguiz interests featuring in the Office of Fair Trading report on abuses of leaseholders, overvaluations of freeholds and the sale of […]

Freeholder’s barrister Justin Bates named in Parliament. And Benjamin Mire. And Tchenguiz. And Yianis. And Israel Moskovitz …

… Labour MP Jim Fitzpatrick and Sir Peter Bottomley put the boot in to leasehold profiteers! Two senior MPs from opposite political parties yesterday delivered hard-hitting speeches in Parliament that highlighted the scandals in leasehold. And in a sign of the rising political temperature concerning these issues, neither hesitated to name names. Jim Fitzpatrick, the […]

Meet your freeholder, poised to ‘butcher’ his enemies

Here’s a rare chance for Carlex visitors to see their freeholder Vincent Tchenguiz speak courtesy of Bloomberg … Things might seem tough for Vincent Tchenguiz right now, with Lloyds Bank poised to pitch a fifth of his freehold portfolio into administration (subject to a court hearing this week). Plus there’s his and his brother Robert’s […]

OFT does deal with Tchenguiz to cut sub-letting fees to £85 at retirement developments – but exit fees on sale still stand

OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12  The Office of Fair Trading (OFT) has secured undertakings from Fairhold Homes Ltd and associated companies (Fairhold) owned by the Tchenguiz Family Trust  to change how they charge and enforce transfer fee terms in their 53,000 retirement home leases. The OFT has been investigating exit fees, which are […]