Gazette reports more than £20million could be raised for new homes if Islington Council take up Dr Brian Potter ( ILA chair) suggestion and offers leaseholders a one-off chance to extend their leases by 99 years at a knock-down price. more
Tag: Ila
To: Catherine West (catherine.west@islington.gov.uk), james.murray@islington.gov.uk, paul.convery@islingtonlabour.org.uk, richard.greening@islington.gov.uk, richard.watts@islington.gov.uk
Dear Catherine.
Since the ILA’s last proposal to raise cash for Islington (99 year Lease Extensions) appears to have drawn so much attention (including from other borough’s!) we hope that you will also consider another of our schemes, which although not as lucrative as the first, will potentially raise a great deal of much needed cash, very quickly.
Very briefly…
A/ In Islington’s leases, Leaseholders only own the glass, not the window frames!
B/ A major source of problems has been due to window repairs/replacement for which contractorsgrossly over charge. (Most windows have under gone extensive work through the Decent Homes Project already)
C/ So..When contacting leaseholders re a 99 year lease Extension…also offer to sell them their windows…at a discount…as a one off offer…in the same time frame as the lease extension?
Back ground…
Formally, to buy your windows through HFI you were required to seek planning permission and alicense…all of which cost money and involved administrative costs to the order of approximately £1000-2000 per property.
The ILA has finally convinced HFI that both the planning permission and license were an unnecessary cash burden, which prevented leaseholders from buying their windows via a “Deed of Variation”. However, as a result of years of negotiations with HFI, leaseholders can now purchase the DOV within a couple of weeks, at a total cost of £380. (I purchased mine last month).
If this sum was reduced to £180 in a one off promotion, I am sure that the majority of Islington’s leaseholders would be happy to take part.
Peripheral advantages to this scheme…
1/ Many more leaseholders would be inclined to use the small local builders…thereby generating bothcash and employment in the borough, and reduce both the council’s responsibility and contractual work load!
2/ The large contracts currently being allocated cost the borough a fortune, and are totally un-manageable and impossible to monitor…and, invariably uses sub-contracted labour from…who knows where?
3/ If the leaseholders are satisfied with this arrangement they will have no need to challenge the billing at law (LVT), so saving the borough a great deal of cash during the course of the year in defending issues related to cost and quality of works by employing very expensive external firms of solicitors. See Tremlett Grove…!!!
Legal safe guards…
In order to ensure that the leaseholders comply with council requirements in regard to conservation areas etc…Caveats can be included, if and when required…
Possible income of…non-ring fenced cash…
Math…11,000 x £180 = £??????????
Brian.
Lease Extension Presentation ILA 10 Oct 2012 by Nadeem Hussain of LEASE.
Download here Lease Extension Presentation ILA 10 Oct 2012
(This is a Power Point file, so you must have that app on your computer for file to open)
Below is a link to LEASE’S online booklet on lease extensions.
http://www.lease-advice.org/publications/documents/document.asp?item=8
Islington Gazette reports calls for investigation into Islington Coucil “…Islington council had a vested interest in overcharging by contractors …… The message being sent out to contractors by Islington council is ” if you get caught overcharging, don’t worry we will pay the legal cost with public money to defend your actions…..”
Full Islington Gazette articles here
Islington Council ( PFI) managing agent for street properties “Partners” have recently said that they will only obtain Listed Building Consents (LBC)/ planning permissions on works that they have done on properties in conservation areas or that are listed buildings IF the matter is brought to the attention of Partners directly by the resident concerned.
Islingtons Planning Conservation department on the other hand says that ” that unauthorised works carried out to listed buildings is a criminal offence. As such persons with a material interest in the property may be liable to prosecution”
Leaseholder may also find that they have an issue if they ever wish to sell their properties, and they need to obtains the the LBC’s to give to potential buyers. Trying to get consents from Partners in 2 or 10 year after works have been done may be tricky.
The ILA can’t give advice, so this shouldn’t be taken as such, but If your a leaseholder in a Conservation Area or Listed building you may want to check with the Islington Council conservation section of the Planning Department. whether the Major Works that Partners have done on your property should have had or require LBC., and if so bring it directly to Partners attention.
Please also let the ILA know if the Councils planning department confirm that council’s agents ( e.g. Partners,[the former] HFI etc) or Housing Property Services have done works to your property without getting the appropriate consents. contact
ILA Meet Wed 8.8.12
Please see Dr Potters letter published in the Islington Tribune on 20 July 2012 –
Out in the cold in race to be champion.
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
The Leasehold Advisory Service(LEASE) recently made a presentation to an ILA meeting on Right to Buy – Residential Leases.
The ILA are pleased to make this LEASE presentation available which includes an example of a typical Local Council lease which would be made on a Council property purchased under the Right to Buy (RTB). and an explanation in plain English what each Clause means. more
