Leasehold exit and sublet fees have been referred to the Law Commission, which will almost certainly be the end of them. This means anyone selling or renting out a retirement or non-retirement flat should keep all documentation with a view to making a claim in two and half years time.
– Self-regulation (by ARHM, ARMA, RICS) has failed – Leasehold tenure itself disempowers residents and makes them vulnerable – Commonhold should be explored – Right to manage needs to be made easier for the elderly – LEASE’s ‘problematic’ role serving all sides in leasehold – CMA’s skimpy Ipsos MORI poll ‘should not be used as the basis […]
The Hanover housing association has no set procedure for selling off house manager flats at its 104 retirement sites. It has already sold 21 flats – more here. As leases vary, each site is assessed individually and advice is obtained, Hanover has told Carlex in a statement: “There is some variation in Hanover’s leases, because […]
The satirical magazine Private Eye has featured Peverel’s name-change to FirstPort today. Referring to previous reports on Peverel as see “Eyes passim ad nauseam” it treats readers to a resume of Peverel’s recent unfortunate history. “FirstPort may turn out to be LastResort for the troubled management company,” is the pessimistic conclusion.
Why did the CMA study take place? The CMA study into residential management services partly originated in the public criticism expressed over the Office of Fair Trading investigation into the Peverel / Cirrus collusive tendering scandal. Owing to the prime minister’s response to a direct appeal by Carlex, this resulted in a meeting with the […]
- Only 131 retirement leaseholders quizzed – 17 leaseholders ONLY discussed Property Tribunal – MORI has to correct criticism of LKP leasehold figures (which are accepted by DCLG) – BUT poll does confirm that there is more contentment when leaseholder manage their sites in an RTM or RMC compared with those that are freeholder-controlled Alarm […]
The new company structure after the Peverel rebrand strongly suggests something is going to be sold. A useful schematic of the existing and future company structures is given here and above:
In what appears a desperate measure, Peverel is renaming itself FirstPort. In an announcement today all its property services businesses will be rebranded FirstPort, uniting them together under one brand. An expensive logo is doubtless underway, and be prepared for a deluge of queasy photographs of elderly residents in a state of rapture and joy. It […]