If your a Leaseholder and you haven’t received your ILA spring 2012 newsletter yet, Please email us on “ilaorguk at hotmail.com” with your name and address and we’ll send you a newsletter.
One of the most important Leasehold Valuation Tribunal LVT decisions to date, from an Islington leaseholder’s perspective, was announced last week, (Merryweather court and Brennand court vs the mayor & burgess of Islington 29.3.12).
Please see the downloadable LVT decision pdf for details on the bill reductions, and to see how Islington leaseholders supported their claims before the LVT, plus the degree of detail they provide in evidence of shoddy workmanship, overcharging and gross mismanagement. LVT – Merryweather & Brennand court vs LBI 29.3.12
Examples of the council overcharging identified by the LVT include roof works charges of £208,661 which were reduced to £50,000, i.e. £25,000 per block. and asbestos removal charges of £157,371 that the Tribunal reduced to reasonable expenditure of £15,737.
This is one example, where the Council has authorised expenditure without satisfying itself that the expenditure is really necessary, and it demonstrates what can be achieved when leaseholders have the courage to challenge the bills they are sent, and demand that council officers , councillors and their contractors are made accountable for their actions.”
Since the ILA can only supply ‘useful information’ on our web site, and not “advice”, as always, we suggest that you should obtain ‘professional independent legal advice’ before considering issuing such a challenge.
The Islington Gazette has reported that millions of pounds of public money could have been wasted.
The ILA has already lobbied Islington Council, and, both the leader of the council, and the chair of housing, in regard to applying the reductions obtained by Merryweather/Brennard Courts leaseholders to all leaseholders in the same contract, and insisted that the council also reclaim, on behalf of the public purse, all monies related to tenanted properties in the same contract. LVT – Merryweather & Brennand court vs LBI 29.3.12
Please feel free to pass on to other leaseholders you think may be interested
Late News: The ILA understand that LBI intends to appeal the decision.
Published: 13 April, 2012 by PETER GRUNER IN an historic decision, a tribunal has cut repair bills for seven Archway leaseholders by a massive 60 per cent because much of the £2million remedial work on their estate was unnecessary. Read More
Enclosed is the London Borough of Islington/Homes for Islington Leasehold Insurance Policy Powerpoint Presentation made by LBI brokers JLT last night to the ILA meeting. Thanks to JLT and LBI for answering questions. Insurance PPS presentation to ILA by HFI LBI JLT – 04.2012
Leaseholder may find it instructive to confirm their insurance premium is being correctly calculated by multiplying the “rebuild value” of their property by the current premium rate used of 0.1249% to obtain your annual insurance premium cost. eg £200K rebuild cost X current premium rate 0.1249%.= £249.80 You can obtain the “rebuild value” of your property from your relevant managing agent e.g. Council , HFI or Partners.
James Murray ( head housing honcho @ Islington Council) yesterday confirmed that although there would be 4 or 5 councillors advising him as part of the new housing consultation process, he would not confirm that any of them would be Leaseholders.
…unfortunately seems like more anti-leaseholder politics
Dr B. S. Potter
by PETER GRUNER
We are setting up a residents’ improvement taskforce, where they will have the opportunity to talk about changes they want to see.”
It will include Cllr Murray and tenants and leaseholders as well as housing officials.
A Residents’ Champion is due to be elected in September.