May 29, 2017

Latest news

DCLG stakeholders hear of ‘calamitous’ Law Commission report on exit fees

The DCLG leasehold stakeholders’ group was told yesterday that the Law Commission report into exit and other fees published earlier this month was ‘calamitous’. The study had come about following the Office of Fair Trading investigations into the retirement housing sector. One concerned the systematic cheating of pensioners over the Peverel / Cirrus collusive tendering […]

FirstPort fined £360,000 over fatal fire at Gibson Court

The property management company FirstPort was fined £360,000 today over the fatal fire at Gibson Court on September 30 2011. More here The full sentence is not available at this time. The following statement has been provided to Carlex / LKP by FirstPort chief executive Nigel Howell. “We are sincerely sorry for and deeply regret […]

Law Commission: you will create an investment asset class, not protections for pensioners

Martin Boyd replies to Stephen Lewis, of the Law Commission, on his report into retirement housing event fees We are a tiny charity that you kindly credit as being one of the key drivers in initiating your work with event fee project. Unlike others we were not part of your advisory panel, but we have […]

My granny’s Audley Retirement home ‘was a money pit’ costing £48,000 in exit fees

The Sunday Times yesterday published a powerful article by Harriet Meyer revealing how her family spent £48,160 in fees on selling at Audley Retirement flat. Audley Retirement is one of the upmarket providers in the sector, which Carlex has long argued has even greater exploitative practices at the higher end than the lower. Harriet’s grandparents […]

Law Commission’s tokenistic report helps retirement house builders and freehold investors, not families needing to house a relative

Only 2 per cent of UK over-65s live in specialist retirement housing – against 12 per cent in USA and 17 per cent in Australia – and there is no reason for more to do so because of today’s report from the Law Commission. It does not address the scandals of the retirement housing sector, […]

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 […]

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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 […]

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 […]

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