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June 2008.
The ILA Board expects that we shall soon be able to take subscriptions for membership. We shall be laying out a prospectus of what we shall be offering members. Initially we expect that the £20 annual subscriptions will help in establishing a firm financial footing for the ILA. For more information about subscribing please Email us at We have continued to discuss the future shape of the ILA with a team from HFI, acting on behalf of the Council, and have made good progress. We expect to complete our own incorporation soon and become officiallly recognised as the voice for all Islington Leaseholders, including those managed by Partners. HFI have been generous in offering us their help and we expect to play a part in the consultative process. February 2008. The Board has held 3 meetings and is discussing a range of options for the future of the ILA. The Board has also met with HFI's Chief Executive, Eamon McGoldrick to discuss options, as seen from their perspective. One of the pressing questions is whether the ILA can play a role as a consultative panel, similar to the old Forum. Until such time as this is decided HFI have withdrawn funding for the ILA to meet in the Town Hall. This is a surprising and depressing turn of events since Islington Council has been the driving force behind establishing the ILA as an independent Association for leaseholders. December 16th 2007. The Leasehold Valuation Tribunal (LVT) has now ruled that Islington Council, and hence its managing agents HFI and Partners, cannot include the subscription to the ILA in its annual service charges. Full details of the case can be downloaded here as a PDF file (opens in a new window). Members of the newly elected Board met, informally, on Tuesday 11th, before the result was declared. The decision clearly calls into question whether the ILA can now receive funding to provide the professional services that have been proposed. Until such time as the Board and the Council have discussed the new situation we cannot make any comment on the future of the ILA as currently conceived. Monday 19th November 2007. Leaseholders picketed HFI headquarters to greet members of the Audit Commission team inspecting HFI.  Their team leader kindly stopped and chatted to us for about a quarter of an hour. We presented the Audit Commission with a booklet of press clippings, letters to the papers and copies of LVT decisions won by leaseholders. Our message was, don't take our word for it, look at what others are saying about HFI and Partners. In 2006 The Audit Commission said HFI costs are also high compared with nine other London ALMOs. HFI is in the most expensive 25 per cent in three out of five cost categories and above average in the other two. It is also in the worst 25 per cent for five out of the seven quality indicators that are linked to these costs and in the best 25 per cent in only one of these indicators. When these figures are broken down they reveal some high costs as follows.
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