Category: Leaseholders
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
Islington Leaseholders Meeting
on
Wednesday 11 April 2012
in
Islington Town Hall Chambers
at
7 – 9pm
Hosting the meeting:- Dr Brian Potter
Guest Speakers:- Ms Alison Goodwin (JLT Buildings Insurance Brokers), Mr David Clay (LBI), Ms Kay Morgan (HFI), have confirmed they will be attending.
Please let other leaseholders know of this meeting – it will be their chance to ask general insurance questions about your premiums, level of coverage from the policy etc.
Please view The Islington Tribune Article below which is very interesting which at your convenience.
Dr B. S. Potter
Chairman ILA
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[1] Islington Tribune Article
Despite end of HFI, there’ll be ‘No magic wand’ for council tenants, warns housing chief James Murray
Published: 30 March 2012
by PETER GRUNER
by PETER GRUNER
ISLINGTON housing chief James Murray declared the “end of an era” this week as council property agency Homes for Islington (HfI) was officially dissolved and its functions brought in-house.
The Labour councillor warned that there would be no “magic wand” for residents under new council-run housing but promised a lot more consultation and accountability than was available under HfI.
HfI, which managed the borough’s 21,500 council homes and 8,000 leasehold properties, was set up eight years ago in 2004 as an arms’-length management organisation under chief executive Eamon McGoldrick, who stood down this week.
It has been beset with criticisms of lack of accountability and poor service.
The Town Hall expects to save £1.69million by bringing housing under direct council control.
HfI originally had a staff of 9,000, but several hundred jobs have disappeared over the past few years leaving a workforce of 7,000.
Cllr Murray said: “I won’t pretend that everyone’s concerns over housing will go away overnight. But our priority is to make sure we get the best service for residents.
“We also want to get tenants and leaseholders involved in improving the service.
We are setting up a residents’ improvement taskforce, where they will have the opportunity to talk about changes they want to see.”
We are setting up a residents’ improvement taskforce, where they will have the opportunity to talk about changes they want to see.”
A new housing executive will replace the HfI board and will advise the council.
It will include Cllr Murray and tenants and leaseholders as well as housing officials.
A Residents’ Champion is due to be elected in September.
It will include Cllr Murray and tenants and leaseholders as well as housing officials.
A Residents’ Champion is due to be elected in September.
Islington Leaseholders Meeting
on
Wednesday 14 March 2012
in
Islington Town Hall Chambers
At
7 – 9pm
Hosting the meeting: – Dr Brian Potter
Guest Speakers:- Two Legal representatives from the “LEASE” organisation will be attending to answer leaseholders questions.
Please impress upon any other leaseholder’s that you know that it is in their interest to attend these meetings regularly…
“Sedley requirements”: the standards of proper consultation applied by the Courts
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.
Since the start of the PFI 2 contract 926 Final accounts have been issued to leaseholders as part of the Major Works program. Of these 326 have been challenged, about 35%, with an average charge of nearly £7,000 and a total charge of £1.4m. 285 of these challenges have been resolved.
Of these resolved cases 207 have received some form of adjustment to their account, with the majority of these being adjustments of less than £1000 (120 cases).
Categories
Service charges
How are services charges levied by freeholders determined and consulted on – and are they fair? 
review of service charges
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.
Islington Leaseholders Meeting
on
Wednesday 11 Jan 2012
in
Islington Town Hall Chambers
At
7 – 9pm
Hosting the meeting: – Dr Brian Potter
Guest Speakers: – Representatives of the Leaseholders insurers (OCASO) and Representative’s from JLT (Brokers for our insurance policy)…“why has your building insurance gone up drastically”…
Guest Speakers: – Representatives of the Leaseholders insurers (OCASO) and Representative’s from JLT (Brokers for our insurance policy)…“why has your building insurance gone up drastically”…
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Face Book http://on.fb.me/mWziosPlease impress upon any other leaseholder’s that you know that it is in their interest to attend these meetings regularly…Dr B. S. Potter ILA Chairman
Website www.ila.org.uk
Twitter @ilaorguk
Face Book http://on.fb.me/mWziosPlease impress upon any other leaseholder’s that you know that it is in their interest to attend these meetings regularly…Dr B. S. Potter ILA Chairman