March 25, 2017

Latest news

Israel Moskovitz humiliated as Elim Court wins right to manage in Court of Appeal

Elim Court, a retirement site in Plymouth, learned today that it had won its epic battle for right to manage in the Court of Appeal against its landlord Israel Moskovitz. His Avon Freeholds Limited managed the site through Y and Y Management, run by business associate Joseph Gurvits. Y and Y is a management company […]

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 The ban came from Fryzer Property Services, but has now been rescinded after indignant residents contacted Carlex.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 […]

Victoria Derbyshire told ‘we must end cheating speculators in leasehold housing’

Shady speculators in UK property assets including residential freeholds were raised on the BBC TV’s Victoria Derbyshire show yesterday.  It can be viewed here at 1:44 Sebastian O’Kelly, of LKP, said in an interview: “We are told that residential freeholds are bought by pension funds and that it pays for your and my pensions. “Absolute […]

‘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 […]

Housing minister says LEASE must be on the side of leaseholders, and promises more money

The Leasehold Advisory Service will be funded so that it can unambiguously represent the interests of leaseholders without dependence commercial deals with the sector, the housing minister Gavin Barwell said yesterday. “This means information must be free in financial terms, but it must also be free from any bias; impartial; a service dedicated to leaseholders,” […]

Housing minister urges transparency over retirement exit fees

Gavin Barwell urged greater transparency over retirement exit fees as the Leasehold Advisory Service “annual conference” yesterday. “More than one in 12 people in the UK will be aged over 80 by 2039, according to the National Office for Statistics. “The UK’s population is set to rise by over 4 million in the next decade, […]

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 […]

FirstPort blamed over leak at Homemead House

FirstPort is being blamed for a burst water pipe in the communal lounge of Homemead House in Romsey. The Southern Daily Echo has taken up the story and the local MP Caroline Nokes has demanded that FirstPort “compensate for the residents affected as a matter of urgency”. The water burst flooded six ground floor flats […]

Labour to cap ‘legalised extortion’ of ground rents and end leasehold houses

… Opposition and government now compete to reform leasehold The four-year campaign of the Leasehold Knowledge Partnership to reform leasehold has taken a surge forward this week. Today Labour said that it will cap charges that leaseholders pay in ground rents, and set out a plan to end leasehold houses in new developments. Meanwhile, government […]

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BBC One Show warnings over retirement housing’s ‘sting in the tail’

The BBC One Show on prime time telly featured retirement housing earlier this week (November 22). It can be viewed here at 2.09 minutes The presenters warned that retirement housing can come with a “financial sting in the tail that can hit families at the worst possible time”. Sebastian O’Kelly, of Carlex / LKP, which […]

Carlex and AgeUK reject Law Commission draft on exit fees

Law Commission backs developers over huge exit fees, and dumps OFT qualms over ‘likely’ unfair contract terms What began as an exercise supposedly to help pensioners and their families facing exit fees in retirement properties has ended up with the Law Commission backing the charges. The Law Commissioner Stephen Lewis met Carlex / LKP last […]

Man, 90, dies in fire at Homepine House

A 90-year-old resident of Homepine House died in a fire at Homepine House, in Folkestone, on Saturday night. Emergency services were called after a fire broke out on the fifth floor in the bedroom of the resident, who has not been named. The website Kent Online reported the fire here and quoted police saying: “A […]

Disgraceful leasehold houses reported in The Guardian today

– Urgent issue for MPs of parliamentary group on leasehold next month – Onerous lease terms in taxpayer-aided Help To Buy scheme – Ground rents doubling every 10 years from plc housebuilder The disgraceful and increasingly widespread scandal of plc housebuilders selling leasehold houses is reported in The Guardian today. It can be read here The […]

Pauline Jones brings right to manage to retirement sites in the North West

Macclesfield-based managing agent Pauline Jones today has taken another retirement site right to manage: Warburton Court, in Uppermill, in Oldham, Greater Manchester. The RTM was won on the third attempt, and the entire application was handled in-house. Two earlier efforts, where solicitors were employed, hit problems and were declined by the freeholder, part of the […]

99% of FirstPort’s 3,800 service charge accounts are up to date

LKP / Carlex has not been backward in criticising Peverel / FirstPort over the years. However, it is reasonable and fair that the company’s achievement in getting on top of the service charge accounts is recognised. Here FirstPort CEO Nigel Howell (below right) explains that more than 99% of its service charge accounts are completed on […]

Low cost right to manage, from Urban Owners (which has done nearly 500 of them)

– Tech savvy company manages large, complex, mixed-use sites right down to conversions of two flats – More than 450 RTMs completed for leaseholders The latest property management company to become accredited to LKP / Carlex is Urban Owners, which is an acknowledged expert in gaining leaseholders the right to manage. It has carried out […]

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 […]

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 […]

Private Eye reports challenge to ‘scandal’ of lease extension values

Private Eye today published reports of the legal challenge to the “scandal” of lease extension valuations mounted by chartered surveyor James Wyatt. Wyatt, a former head of valuations at John D Wood, is urging the adoption of a more mathematically robust method to value short leases: that is leasehold properties, usually flats, that have less […]

Carlex is ‘slanted’ over retirement resale prices. The picture is more positive, says McCarthy and Stone

Statement from McCarthy & Stone The majority of properties managed by McCarthy & Stone have increased in value when resold (based on data relating to managed properties resold in 2016 to-date) and historical data suggests around a third of all our properties outperform their local market.  In addition, our newer properties are better-placed to retain […]

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