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New leasehold house figures / Solicitor jailed / Canary Riverside
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Leasehold Knowledge Partnership

Keeping the wolves from your door

In the 11/04/2016 edition:

Taylor Wimpey woes reported in Estates Gazette


By admin on Nov 04, 2016 12:52 pm

Veteran columnist Peter Bill addresses leasehold houses in Estates Gazette today.

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Surge in new-build leasehold houses with £1.9 billion sold last year


By admin on Nov 04, 2016 10:54 am

  (Not to be reproduced without acknowledgement of the Leasehold Knowledge Partnership)   Last year new build leasehold houses worth £1.9 billion were sold in England and Wales, according to data on the Land Registry. Since 2010 the number of new-build leasehold houses has doubled, while the total value of new-build leasehold houses has trebled. […]

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Legal arms race as Canary Riverside freeholder seeks judicial review


By admin on Nov 04, 2016 10:13 am

After having lost in the lower tribunal and in the upper tribunal, been declined an appeal and a postponement pending a judicial review, and then been injuncted to comply with the property tribunal ruling, the freeholder at Canary Riverside might have been expected to give up. Instead, John Christodoulou is heading back to court seeking […]

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Ex-solicitor Ian Macfarlane jailed over £200,000 ground rent scams


By admin on Nov 04, 2016 09:14 am

A former property solicitor Ian Macfarlane has been jailed for five years after fraudulently taking over freeholds in London and then demanding ground rent and other revenues. Ian Charles Macfarlane, 56, of Winterborne Kingston, in Dorset, was handed the jail term at Bournemouth Crown Court on October 3 2016. He was convicted on five counts […]

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MP members of the All Party Parliamentary Group on leasehold UPDATE


By Admin2 on Nov 02, 2016 01:43 pm

  Current members: 45 Listed 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 […]

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CML: Will mortgage lenders lend on commonhold? No. Yes. Maybe … er


By admin on Nov 02, 2016 12:14 pm

Council of Mortgage Lenders, CML, lists banks lending on commonhold title. Commonhold tenure was introduced in 2002 as a welcome alternative to leasehold but there was very little take up. Given the lucrative racket involved in selling freeholds, with its ground rent and other dubious incomes, developers were never going to give up voluntarily a […]

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Leasehold houses scandal widens as developers face MPs


By admin on Oct 31, 2016 10:17 am

The fallout from the leasehold house scandal spread over the weekend with numerous posts on LKP and social media, and today MPs have a chance to grill housebuilders at 5pm over the issue. This scandal erupted on Saturday in the Guardian after a succession of leasehold house owners in the North West contacted LKP. Justin […]

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Disgraceful leasehold houses reported in Guardian today


By admin on Oct 29, 2016 11:05 am

– Urgent issue for MPs of parliamentary group on leasehold next month – Onerous lease terms in taxpayer-aided Help To Buy home purchases – 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


By admin on Oct 28, 2016 04:21 pm

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


By admin on Oct 28, 2016 02:44 pm

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


By admin on Oct 28, 2016 01:03 pm

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


By admin on Oct 28, 2016 12:36 pm

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


By admin on Oct 27, 2016 12:00 pm

– 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


By admin on Oct 22, 2016 12:45 pm

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


By admin on Oct 19, 2016 08:40 am

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


By admin on Oct 01, 2016 10:12 am

– 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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Recent Articles:

Private Eye reports challenge to ‘scandal’ of lease extension values
The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’
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