The Times today suggests that families have lost £3 billion on the resale of leasehold retirement flats between 2001 and 2015 in a series of articles that add up to a devastating investigation of the sector. Some 80 per cent of the properties sold had fallen in value, with an average loss of £38,846, the […]
The Times says families ‘lost £3 billion’ on resales of leasehold retirement flats, while developers and freehold speculators made millions
November 23, 2019 By
Tchenguiz brothers fall out among themselves, says The Times
May 17, 2018 By
The Tchenguiz brothers – who before the crash were among the most powerful corporate players in the UK – are litigating again: this time among themselves, according to today’s Times. The dispute centres on the Tchenguiz Family Trust, based in the British Virgin Islands, which at one point claimed to own one per cent of […]
Ex-Peverel employee thwarted over right to manage for Tatton Court and Willow Court
August 10, 2016 By
UPDATE August 12 Yesterday evening Susan Earnshaw returned Campaign against retirement leasehold exploitation’s phone call and we discussed the issues of Tatton Court and Willow Court and the services provided by her company. We publish her full response below, but make a number of points: 1/ We tried but were unable to contact Mrs Earnshaw […]
Warner Court, in Berkshire, breaks free of Tchenguiz and FirstPort with right to manage
August 5, 2016 By
Another day, another retirement site – Warner Court – decides to break free of the Vincent Tchenguiz organisation and FirstPort to appoint its own management through right to manage. The RTM at Warner Court, in Sandhurst, Berkshire, takes over on September 15, which means another retirement site will almost certainly slip from FirstPort’s grasp. The […]
Tatton Court latest Cheshire site seeking to dump Tchenguiz / FirstPort
April 8, 2016 By
Tatton Court is the latest Cheshire retirement site wanting to be rid of the FirstPort / Tchenguiz management which dominates private retirement housing. “We feel that you are being deliberately awkward in blocking our claim,” the RTM directors write to Estates and Management, the Tchenguiz company that manages his freehold portfolio. “We also feel that […]
Regulator to rule on whether scandal-hit Peverel / FirstPort Retirement is fit to be a member of ARMA
March 3, 2016 By
FirstPort Retirement, formerly Peverel, should not be admitted to ARMA because it has an unaccounted-for portfolio of house managers’ flats and has a track record of misleading residents when trying to sell them. These were the arguments put on Monday to Keith Hill, a former New Labour housing minister, who is the regulator of ARMA […]
Peverel Retirement up before the ARMA regulator before it can join ARMA-Q
January 15, 2015 By
A complaint about Peverel Retirement is being considered by ARMA regulator Keith Hill even before the trade body rules on whether it meets the criteria of ARMA-Q. The complaint comes from Alex Ellison, whose mother lives in Mere Court, in Knutsford, Cheshire. It concerns Peverel’s ownership and disposal of house managers’ flats.
Metcalfe Court breaks free from Peverel with right to manage success
November 25, 2014 By
Metcalfe Court, a retirement site in Romiley in Cheshire is the latest Peverel managed retirement site to win right to manage. Yesterday the Tchenguiz Family Trust withdrew its counter-notices to the RTM notifications which means the RTM will take over management of the block on February 20 next year. The result vindicates the efforts of […]
Knights Court wins RTM after Peverel dropped the action …
June 3, 2014 By
… well, it is a Tchenguiz site Peverel began a right to manage process at retirement site Knights Court in Balsall Common, in Solihull, only to drop the claim after the freeholder objected, it is claimed. The freeholder is the Tchenguiz Family Trust, which owns the freeholds of 1,500 retirement sites, or 53,000 retirement flats, […]
Tchenguiz backs down over demanding £5,000 from couple … for a conservatory built more than 20 years ago!
February 20, 2014 By
The Tchenguiz Family Trust has backed down on demanding £5,000 for consent for a conservatory that was attached to a retirement leasehold bungalow more than 20 years ago. Two days ago, Campaign against retirement leasehold exploitation raised the issue with Estates and Management, which manages the Tchenguiz residential freehold portfolio. The original story can be […]
Fury at Briary Court as Peverel closes swimming pool … it’s ‘elf ‘n’ safety’, innit?
November 1, 2013 By
Briary Court, a retirement site on the Isle of Wight, was in a state of uproar after Peverel arbitrarily closed the swimming pool and drained it on ‘elf ‘n’ safety’ grounds. Furious residents attended a packed meeting two weeks ago with Peverel officials at the retirement site, which overlooks the sea at Cowes. Peverel officials […]
Office of Fair Trading deal over exit and sub-letting fees with Tchenguiz
October 6, 2013 By
OFT website outlining the agreement is here http://www.oft.gov.uk/news-and-updates/press/2012/77-12 August 2012: The Office of Fair Trading (OFT) has secured undertakings from Fairhold Homes Ltd and associated companies (Fairhold) owned by the Tchenguiz Family Trust to change how they charge and enforce transfer fee terms in their 53,000 retirement home leases. The OFT has been investigating exit fees, […]
