- Couple deeply regret hasty decision – Why did they not RENT instead? – Churchill satisfied with sales procedures A couple who bought a one-bedroom retirement flat deeply regret making the hasty decision and were desperate to sell up – only seven months later. Evelyn Matthews, 78, and her husband Stan, 94, bought the one-bedroom […]
Following up the Carlex story of Hanover losing £500,000 over the SmartSource Water scandal, it now emerges that Housing 21 lost £250,000. Inside Housing, the newspaper for social housing providers, says SmartSource Water was like a “pyramid scheme” which has left several housing associations among creditors facing millions of pounds of combined losses.
Battle-scared Carlex veteran Norman Greed has pulled off another coup for residents at Eddington Court: a £5,000 repayment on insurance commissions from the Tchenguiz Family Trust. In June Mr Greed, a director of the Eddington Court RTM claimed £10,000 on past insurance commissions to Kingsborough and Oval.
Eight months after the Office of Fair Trading revealed the Cirrus collusive tendering scandal, scamming contractor Glyn Jackson is again working on retirement sites managed by Peverel. Glyn Jackson, whose company did not pay an OFT fine of £35,700 after going into liquidation, is this week installing similar electronic systems with a new company at the Adelphi […]
Following discussions with Carlex, McCarthy and Stone is dropping the one per cent contingency fund contribution that has to be paid every time a flat is rented out. It is replacing the sublet fees, which are a percentage of either the purchase price or market value of a flat, with a one-off payment of £80 plus […]
Why was a new lease issued to Peverel on a house manager’s flat, when the residents’ leases say this should not be done?
The issue of the ownership of the house manager’s flat at Mere Court, Knutsford, has again been raised, this time with the Land Registry. Alex Ellison, whose mother lives at the site, wrote explaining that all the leases at Mere Court (registered under the freehold title of CH261040) were created 20 years ago. In all […]
Retirement exit fees may get the chop, at last! The new DCLG leasehold team, with whom Carlex / LKP has been working closely, yesterday announced a range of measures in addition to “Florrie’s Law” (see LKP) and acceptance that the residential leasehold sector is far larger than was previously thought. They include referring exit fees […]
The so-called Florrie’s Law introduces a new £15,000 cap on repair bills for local authority leaseholders and will come into force this week. Local Government Secretary Eric Pickles vowed to introduce the cap after a 93-year-old constituent was landed with a £50,000 bill by her local authority for roof repairs.
Following consideration of LKP data, the government has today accepted that that the leasehold sector is far larger than was thought: there are 4.1 million leasehold properties in the private sector in England. This is a 63 per cent increase on previous estimates of 2.5 million.
- House manager’s flat sold for £105,000, with £15,000 paid into reserve fund – Unexplained ‘goodwill payments’ over management disputes – Hanover addresses disastrous £500,000 loss in Smartsource Water – Former executives say ‘it wasn’t our fault’ – Grumbling over exclusive Hurlingham Club beano for Hanover staff Residents at Leonard Hackett Court, in Bournemouth, […]
… But it wants further feedback, so let them have it! … Oh, and you are all happier than those in non-retirement flats! The Competition and Markets Authority (CMA) has today issued an update on its market study (see below) into the provision of residential property management services in England and Wales. LKP / Carlex […]
… while “under review”, Cirrus sponsors the ARHM summer conference and is doled out generous contracts In the club: Richard Wheeldon, ARHM vice chair, part of the Cirrus review team and an executive of Housing and Care 21 housing association. It handed out a bumper contract to Cirrus in February, two months after the OFT […]
… and accepts Peverel’s assurance it REALLY won’t happen again ARHM STATEMENT INTO PEVEREL PRICE FIXING / COLLUSION FOLLOWING INVESTIGATION BY FORMER OFT. Starts The ARHM Audit and Regulation Committee has been working with Peverel to review the outcome of the OFT investigation into collusive tendering in relation to the supply and installation of certain […]
Three SFO incompetents who also cleaned up over Tchenguiz – with bumper pay-offs! The Serious Fraud office has just paid Vincent Tchenguiz and his companies £3 million, plus another £3m in legal costs, but what of the other payments made by the SFO? Bumper pay-offs to its incompetent staff who messed this case up, that […]
By Brian Rix Nearly three and a half years after the Tchenguiz brothers were arrested on March 9 2011, this farcical case at last comes to an end. Vincent gets a groveling apology plus a £3 million bung from the Serious Farce Office, which also has to pay an initial £3 million for Vincent’s legal […]
ARHM rejects complaint that Peverel pushed Mere Court residents into agreeing house manager’s flat sale …
… a flat that, it emerged, Peverel itself owned The daughter of a resident at Mere Court in Knutsford who believed Peverel was urging the sale of the house manager’s flat for financial gain has had her complaint rejected by the ARHM. Alex Ellison was appalled to discover that Peverel was encouraging the sale of […]
Both the FT and the Sunday Times are suggesting that the hedge-funders who took on the debt at McCarthy and Stone could be in for a killing if it floats next year for £500 million. Both papers report that says hedge fund owners pumped £367 million of equity and a five-year loan to slash borrowings.
Q: My sister and I inherited Mum’s flat in Poplar Court, St Anne’s, Lancashire at the beginning of 2013. I noticed a large increase in the ground rent just before Mum died when it jumped from £250 pa to £527.17 pa (111% increase), which is very high when compared with the £60 pa ground rent […]
Carlex has received an anguished communication from a family considering a purchase of a flat from Churchill Retirement at Elgar Lodge in Malvern. It is priced at £172,000, but the family says it is “horrified” to discover a very similar resale flat in the same block, advertised by Churchill’s own management/ estate agency branch […]
Judge Siobhan McGrath has apologised to the pensioner whose complaints led to Benjamin Mire losing his judicial appointment. The apology to Colin Dennard, 73, of Ferndown in Dorset, is an acknowledgement that the Residential Property Tribunal Service (RPTS), of which McGrath was the Senior President, bungled the issue. (She is now president of the new Property […]
July 10, 2014 By Carlex
Why are housing associations exempt from Freedom of Information Act? Carlex has received inquiries concerning a disastrous investment by the Hanover housing association of £500,000 in Smartsource Water. The supplier offered 8.3 per cent “guaranteed savings and price protection” to consumers, but it went bust in October last year. Some Hanover residents are finding the […]
July 9, 2014 By Carlex
The cosy insiderism at the heart of retirement leasehold management is displayed in an email exchange by Peverel to a Carlex reader. It suggests that the resolve of the Association of Retirement Housing Managers to hold Peverel / Cirrus to task over the collusive tendering scandal is a rather less robust than the ARHM claims.
July 8, 2014 By Carlex
Adam Schmidt, who inherited a retirement flat at Felbridge Court in Feltham, has written to the Sunday Times and to Carlex about his frustrations at the raft of fees payable when the flat is sold. He has written to 10 MPs, the ARHM, ARMA, FPRA, OFT, the Leasehold Advisory Service, Carlex and 10 local MPs. […]
July 5, 2014 By Carlex
Peter Whalley, a Peverel regional manager for the North West and Midlands, left the company’s employment yesterday, it is claimed. A statement from Peverel to Carlex reads: “Peter Whalley resigned from his position to pursue other career opportunities and he leaves on 22 July. We are in the process of recruiting for his replacement.” Mr […]
July 5, 2014 By Carlex
Within hours of Carlex reporting ARHM’s silence over the Peverel / Cirrus price-fixing scandal, we received another email from Paul Silk, chairman of the trade body. On this occasion, he did address the issue of Cirrus sponsoring last month’s ARHM annual conference. His full correspondence is below, and includes the justification that the events took […]