Partners – Refurbishment and Improvement Works

For anyone wanting some info on Partners Refurbishment and Improvement Works programme, you can view and download them from here

 

 

 

 

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

Solicitor’s frank comments on many social landlords contractor payments

Social landlords don’t know whether contractors are requesting payment for the right amounts, warns Theresa Mohammed in Inside Housing

Put bad practice behind you   

Most social landlords that develop homes have always disapproved of the now outdated practice of failing to pay contractors and subcontractors in a timely manner. They have taken a keen interest in the mechanics of the payment provisions under recent legislation.
Among our clients, we have seen social landlords bending over backwards to engage with contractors’ claims and cost overruns, even when this results in busting the budget for a project.
But this has to some extent gone too far and encouraged contractors to fall back on the old-fashioned claims culture of inflated and unsubstantiated claims for payment, which are difficult to assess with any accuracy. Contractors typically send these payment applications in the form of long spreadsheets of figures, relating to subcontractors. Some social landlords have been paying without checking for mistakes or asking for justification for the amounts requested.
Social landlords increasingly tell us about duplicated invoicing, spurious variations where a contractor claims that the scope of work has changed, the withholding of invoices for long periods of time, failure to follow any of the agreed payment processes, and contractors introducing payment terms or rates that were not agreed.
Lack of management
One of the main reasons for these problems is a distinct lack of senior management in repairs and maintenance contracting, which means costs are incurred and then crudely attributed to various categories of cost, such as preliminaries or planned works, which may or may not be legitimate.
More

(Theresa Mohammed is a contentious construction senior associate at Trowers & Hamlins)

Artcicle from Inside Housing   27 August 2014  http://www.insidehousing.co.uk/home/blogs/put-bad-practice-behind-you/7005264.article

 

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

Leaseholders may be charged £1300 per year + to pay other council bills?

Islington Council have been recently been formulating the  LBI ‘Housing Asset Strategy’ – which is Islington Councils 30 year programme for us all.
 In  clause 7.2 LBI estimate they will be spending “£39m + inflation” every year on housing work, so leaseholders 1/3rd share would be approximately £13m + inflation bills between 10,000 leaseholders = £1300 every year + bills !!
Quite a lot of the report is  nothing to do with ‘housing’ although they have clearly stated the ‘Housing Asset’ part will be used to fund it.
If any Leaseholders ( particularly those with specialist knowledge debt finance/ accountancy ) have any comments on how the proposals in report  might impact leaseholders, the ILA would like to hear from you.

 

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