Tower Hamlets Justice for Leaseholders

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Tower Hamlets Justice for Leaseholders

Tower Hamlets Justice for Leaseholders

@TowerHamletsJL

For leaseholders, including shared owners, suffering unaccountable service charges and undemocratic block management. Demanding widespread commonhold.

Katılım Ocak 2021
1.2K Takip Edilen1.6K Takipçiler
Tower Hamlets Justice for Leaseholders retweetledi
Harry Scoffin
Harry Scoffin@HarryScoffin·
@rcolvile @meolscop1978 No, it’s buyers shunning extractive leasehold tenure. People want homes whose running costs they can control and not to be a leaseholder under the whip hand of a monopolist freeholder and managing agent. Your repeated refusal to engage with this issue over many years is telling.
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Harry Scoffin
Harry Scoffin@HarryScoffin·
No, it’s buyers shunning extractive leasehold tenure. People want homes whose running costs they can control and not to be a leaseholder under the whip hand of a monopolist freeholder and managing agent. Your repeated refusal to engage with this issue over many years is telling.
Robert Colvile@rcolvile

@meolscop1978 Yes. We have made it so expensive to build that lots of developments are unviable. So we have the worst of all worlds.

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ha6co
ha6co@ha6co1·
@rcolvile @meolscop1978 Leasehold = fleecehold in these towers. Service charges are nothing short of extortion. I’m 100% YIMBY, but this is a racket that needs fixing.
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Simon Cooke
Simon Cooke@SimonMagus·
@rcolvile @meolscop1978 Worse the uncertainty over leasehold and the changes to rules on private rental have spooked the market completely.
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john
john@Coleman48J·
@HarryScoffin @FreeLeasehlders Definitely, no one cares about cost when it's not coming out of their pocket. Absolutely no incentive for managing agents to shop around. Just go for the easiest option or the biggest kickback.
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Peter Swann
Peter Swann@El_Vim_Fuego·
@Lorna_TVeditor Leasehold only exists as a means to impoverish the “owners”. I would expect the freeholds are held by offshore entities…..
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Claudio Trezza
Claudio Trezza@hughjarse1982·
@LiberalElitist2 @realhansard @HarryScoffin Same here. We're in Cardiff and management company brought in companies from Whitley Bay and Devon to do work, unbelievable. Devon contractors were even put up in hotels overnight. Shocking and that explains how savings of 20-30% are achieved with RTM/RMC.
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Harry Scoffin
Harry Scoffin@HarryScoffin·
No sane economist would design leasehold with its misaligned incentives. Savings or not, having control of the running costs and service providers for the single biggest purchase of one’s life is normatively a good thing. It is why the rest of the world do not involve extractive freeholders in flat living.
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Harry Scoffin
Harry Scoffin@HarryScoffin·
@realhansard @hughjarse1982 We are seeing average cost savings of 20% to 30% when leaseholders claim Right to Manage. That is not to be sniffed at.
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Harry Scoffin
Harry Scoffin@HarryScoffin·
We are seeing average cost savings of 20% to 30% when leaseholders claim Right to Manage. That is not to be sniffed at.
realhansard@realhansard

@hughjarse1982 @HarryScoffin Good luck with that. But my scepticism on costs reducing significantly comes having purchased the freehold and RTM and really, other than having control, the cost savings were not that great.

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Harry Scoffin
Harry Scoffin@HarryScoffin·
You have sought to downplay commonhold, talking up the inescapability of service charges when the vast majority of leaseholders do not have self-rule. Getting rid of an extractive landlord class and having managing agents subject to competitive pressures will drive down costs.
realhansard@realhansard

@HarryScoffin That is an issue. But my point is that the vast majority of the costs still exist. And they have risen owing to legislation/changes in risk appetites post-Grenfell.

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Northern Monkey
Northern Monkey@LiberalElitist2·
@realhansard @HarryScoffin We had some work done to repair a hole in our wall. The lad said he was familiar with the building as he was friends with the MA. Said when the MA asked him to do jobs he'd earn double what he normally would charge. The MA doesn't care, because they pay nothing.
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Northern Monkey
Northern Monkey@LiberalElitist2·
@realhansard @HarryScoffin It's not the bills that are the issue, it's the blatant rip offs. We're in the NE and the management company picked their preferred cleaners, who are based in Manchester. They'd drive up, be paid for the travel and expenses and put up in a hotel overnight.
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Harry Scoffin
Harry Scoffin@HarryScoffin·
@realhansard You have sought to downplay commonhold, talking up the inescapability of service charges when the vast majority of leaseholders do not have self-rule. Getting rid of an extractive landlord class and having managing agents subject to competitive pressures will drive down costs.
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Harry Scoffin
Harry Scoffin@HarryScoffin·
@realhansard If you can get it! Near impossible in bigger blocks to meet the 50% participation threshold with buy to let leaseholders, many uncontactable and overseas.
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Harry Scoffin
Harry Scoffin@HarryScoffin·
@realhansard You won’t be paying up to 60% of your insurance premium as a commission to the freeholder. You don’t get the scale of rent extraction in leasehold where the management is not under the control of leaseholders. Collusive tendering and related party transactions are endemic.
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Zafer Üstüner
Zafer Üstüner@zaferustuner·
@MattLismore Just read about leasehold . Another cultural backwards practice that needs to end.
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Tower Hamlets Justice for Leaseholders retweetledi
Harry Scoffin
Harry Scoffin@HarryScoffin·
You won’t be paying up to 60% of your insurance premium as a commission to the freeholder. You don’t get the scale of rent extraction in leasehold where the management is not under the control of leaseholders. Collusive tendering and related party transactions are endemic.
realhansard@realhansard

A lot of people keep suggesting the issue is leasehold rather than commonhold. But people have the right to self-manage, if they think they are being ripped off by freeholders over fees. The reality is that these costs still exist for maintenance whoever is running the show.

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Keşfet

@rcolvile @meolscop1978 @UKLabour @SteveReedMP @Keir_Starmer @HarryScoffin @FreeLeasehlders @Lorna_TVeditor