Service charge limit for leaseholders of social landlords

New mandatory and discretionary reduction of service charges directions for social landlords came into force on 12 August 2014.

Heres a link to Leases’ article on the recent cap

Here are links to the mandatory and discretionary regs

Leaseholder & Freeholder Open Day – Wed 15th October 2014

Come along to the leaseholder open day, and say hello to various ILA directors who will be there.

You can also  talk to Council, Mears, Partners, BreyerGroup about:

Your annual or major works service charges

Future works to your block or estate

Subletting or selling your property

Meet: LEASE – the independent leasehold advice service

Zurich Municipal – building insurance provider

St Mungo’s Broadway – for money and benefit advice

Credit Union – community savings and loans

Building Control – advice on building regulations

Find out more about:

Islington Residential, our property management service for leaseholders who sublet their property

How to have your say

Assisted switching service – assistance with changing energy supplier

on

3pm-7.30pm

Islington Assembly Halls

Upper street

N1 2UD

Invite

Call for photo evidence of poor Council or Partners workmanship on your home

The ILA are looking for photo evidence from Leaseholders of poor workmanship on their home from Islington Council and Partners workers and their contractors for possible publication on our website and social media.

Please email ILA links to your digital photos to this address with name of the contractor.

or send copies of physical photos  to: PO BOX 66633, London N1 1AA

 

Note: Please don’t send more that your 5 best photos – but tell us if you have more,  We can’t return copies of physical photos and paper photocopies may not be be good enough to publish

Overseas Investors make London Housing affordability worse

A report from the Smith Institute last week (quoted by Jules Birch in “Inside Housing”) concluded that over 60 per cent of new homes in central London are currently being bought by overseas investors and that a large proportion of them are being kept empty.

If there is extra overseas demand for limited supply that is already inadequate to meet domestic demand then that must be increasing (or propping up) prices and making the overall affordability situation worse. That has to be a cause of concern for the UK government, especially when overseas governments are taking action in their own markets. Full Story Here 

BCIS warns insurers about underinsuring flats

13 February 2012 |By insurancetimes.co.uk Newsdesk 
Policyholders could be exposed to “significant financial loss”

The Building Cost Information Service (BCIS) has warned insurers that buildings insurance arranged for individual flats carries a significant risk of underinsurance.
Buildings insurance is commonly taken out on the whole block by the freeholder of the property and the premium split between the various leaseholders.

“In a total loss situation, policyholders may receive a payout far short of the market value of their flat but they would still need to continue to pay their mortgage.”
OCASO etc are our guests at the forthcoming April ILA meeting.

OCASA Building Insurance – comments on the queries from ILA meeting

BUILDING INSURANCE QUERIES _ILA MEETING_11Jan12 and response from JLTAlison Goodwin from JLT [Jardine Lloyd Thompson Public Sector Risks] who admin OCASA Building Insurance have sent us comments on the queries submitted for the January ILA meeting. The ILA queries and her comments are in the attached document.