Disgraceful leasehold houses reported in 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 […]

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Terrys Mews right to manage fails for not knowing Peverel OM is now FirstPort

A right to manage application for Terrys Mews, a block of 20 flats in York failed earlier this month owing to an error over the name of Peverel OM. The leaseholders, who were represented by Canonbury Management to handle the RTM, did not appear to know that Peverel OM is now called FirstPort. Proxima GR […]

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Case against Benjamin Mire collapses, as RICS disciplinary process descends into shambles

The case against Benjamin Mire’s Trust Property Management is not to be continued after it ran out of time earlier this year. The set-back is a humiliating failure by RICS, the Royal Institution of Chartered Surveyors, whose disciplinary regime is in tatters after a separate legal challenge has now called into question 317 previous disciplinary […]

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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 […]

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Canary Riverside freeholder told to co-operate with court appointed managing agent

The freeholder at Canary Riverside in London’s Docklands – ultimately property “billionaire” John Christodoulou – has been ordered to co-operate with Alan Coates, the court appointed managing agent who will now run the site. The injunction was granted on October 7 at the County Court in Central London, which had had to consider Canary Riverside […]

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Right to manage champion Urban Owners joins LKP

– 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 is Urban Owners, which is an acknowledged expert in gaining leaseholders the right to manage. It has carried out 450-500 RTMs […]

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Guardian reports the Blythe Court ground rent scandal

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 […]

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MP members of the All Party Parliamentary Group on leasehold

  Current members: 43 Below is the current list of members of the All Party Parliamentary Group looking into Leasehold and Commonhold issues. This page is updated as new members join. If your MP is not a member of the APPG yet, please fell free to encourage them to join. They can contact either us […]

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Do you REALLY know what your managing agent is charging you?

By Ian Hollins Clear Building Management For leaseholders and RMC directors looking to switch managing agent or perhaps outsource their building management for the first time, cost will inevitably be a factor in the decision-making. Not least because it’s one of the easier metrics to assess: it’s hard to gauge service levels until you’re actually […]

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John Christodoulou minions get the boot at Canary Riverside

– Controversial freeholder loses Docklands jewel – Court-appointed managing agent takes over today – Damning criticisms of ‘failures to manage the properties’ – Revenue streams lost (… Now what about West India Quay which has the same set-up?) Monaco-based freehold owner John Christodoulou failed in the Upper Tribunal yesterday (September 30) to stop a court-appointed […]

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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 […]

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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 […]

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Oxford council leaseholders each facing £50,000 bills head for the courts

The epic local authority leasehold dispute involving 51 leaseholders of Oxford City Council each owing £50,000 is heading for the courts. Late evidence may be the quality of work to date, with new interiors described as the work of “complete idiots” by leaseholders. Darren Hazell, chairman of the newly-formed Oxford Tower Leaseholders Association, told the […]

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Land Registry sell-off is shelved (for the moment)

The astonishing proposal to sell off the Land Registry has been removed from government legislation as it ponders responses to the idea. The £1 billion sale was part of George Osborne’s efforts to balance the books. But it is now under review as reported here in the Guardian The proposal would empower the kind of […]

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LKP meeting with housing minister Gavin Barwell

On Tuesday LKP met the new post-Brexit housing minister Gavin Barwell, a Conservative MP representing an urban constituency at last. A former special adviser, Mr Barwell has some experience of leasehold and LKP has reported that his Croydon constituency has had two lease forfeiture cases every year since 2010. The meeting, which included DCLG civil […]

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All Party Parliamentary Group on leasehold and commonhold established today

This morning saw the formation of the new All Party Parliamentary Group on leasehold and commonhold under the joint chairmanship of LKP patron MPs Sir Peter Bottomley and Jim Fitzpatrick. LKP is to provide the secretariat for the APPG. This means that for the first time a rigorous consumer organisation is in a position to […]

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Sir Roger’s quest for the Holy Grail … (or any other metaphor that helps his cosy leasehold world remain the same)

By Martin Boyd Roger Southam, the chairman of the Leasehold Advisory Service, seems to have become a little obsessed with finding the Holy Grail. He mentions it in two of the articles he writes for the magazine News on the Block. In April this year, he explained that leaseholders owning the freehold is “not the […]

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Carlex reveals abysmal retirement housing re-sale values

Carlex examines official re-sale prices for McCarthy and Stone, Churchill Retirement Living, Audley Retirement, Retirement Villages, Retirement Security, Anchor and Pegasus A dismal picture of retirement housing values on re-sales is revealed by Carlex from figures in the Land Registry. For years we have been saying that retirement property can be a most dubious residential […]

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