Hackitt and Knight back dumping unregulated sector-insider ‘building safety managers’ onto leaseholders at £60,000 a year, MPs told

December 2, 2021, 10:10 am

≫ Next: Rendall and Rittner managing agent who stole £122,000 for a ‘Made in Chelsea’ lifestyle

≪ Previous: Financial Conduct Authority under pressure to force open secretive insurance commissions, so leaseholders can see what they are paying for

$

0

0

Dame Judith Hackitt changes gear favouring insider ‘building safety managers’, after telling The Guardian she was ‘shocked’ leaseholders ‘were being exploited … and seem to have no right to challenge what is being prescribed’

Rendall and Rittner raises £2,790 cladding bill to government grant of £44,654 – with a commission from taxpayers of £12,120, reports the Sunday Telegraph

Sir Ken Knight tells MPs leaseholders commission an EWS1 form when they come to sell their flat: it is, of course, organised for the entire building by the landlord

Law Society says leaseholder controlled blocks – RTM or residents’ management company – offer some protection from escalating costs, but they might rise or the flat becomes unsellable even with an EWS1

By Harry Scoffin

Post-Grenfell “building safety managers” to be imposed on England’s blocks of flats through the Building Safety Bill will cost leaseholders approximately £60,000 every year in extra service charges per block.

Continue reading Hackitt and Knight back dumping unregulated sector-insider ‘building safety managers’ onto leaseholders at £60,000 a year, MPs told at Leasehold Knowledge Partnership.

---

Rendall and Rittner managing agent who stole £122,000 for a ‘Made in Chelsea’ lifestyle

May 8, 2013, 7:45 am

≫ Next: Conservatives and RICS kicked back at insurance kickbacks in 2006. Unfortunately, they did nothing about it – and here we are

≪ Previous: Hackitt and Knight back dumping unregulated sector-insider ‘building safety managers’ onto leaseholders at £60,000 a year, MPs told

$

0

0

The case of Simon van Houten, 31, is a cautionary tale of a rogue managing agent making free with leasehold owners’ funds.

Van Houten, 31, was given a 30-month prison sentence at the Old Bailey in July 2012 after pleading guilty to stealing £122,000 from leasehold service charge accounts held by London managing agent Rendall and Rittner.

Van Houten carried out the fraud for two years between 2008 and 2010 by issuing invoices for a bogus maintenance company, “London Decorating Services”, which he subsequently approved and paid.

Continue reading Rendall and Rittner managing agent who stole £122,000 for a ‘Made in Chelsea’ lifestyle at Leasehold Knowledge Partnership.

Conservatives and RICS kicked back at insurance kickbacks in 2006. Unfortunately, they did nothing about it – and here we are

May 12, 2022, 11:11 am

≫ Next: Rendall & Rittner makes nearly £1 million a year in gas and electricity commissions

≪ Previous: Rendall and Rittner managing agent who stole £122,000 for a ‘Made in Chelsea’ lifestyle

$

0

0

By Harry Scoffin

The ruling Conservative party was kicking back at brokers and freeholders over insurance kickbacks and commissions as early as 2006, Leasehold Knowledge Partnership can reveal, with RICS and FCA predecessor, the FSA, agreeing there was a problem.

Ex cabinet ministers Gregory Barker, then shadow environment minister, and Theresa Villiers, then shadow chief secretary to the Treasury, joined forces in Parliament to bombard government ministers and officials throughout 2006 with pointed questions motivated by concerns that ordinary homeowners were paying sizeable commissions – blended into their buildings insurance premiums by way of landlord-controlled service charges – under the controversial leasehold system.

Continue reading Conservatives and RICS kicked back at insurance kickbacks in 2006. Unfortunately, they did nothing about it – and here we are at Leasehold Knowledge Partnership.

Rendall & Rittner makes nearly £1 million a year in gas and electricity commissions

September 29, 2022, 11:15 am

≫ Next: FCA authorised firms that are coining more than 40% profits out of leasehold insurance, and here’s how:

≪ Previous: Conservatives and RICS kicked back at insurance kickbacks in 2006. Unfortunately, they did nothing about it – and here we are

$

0

0

By Liam Spender

With energy prices sky-rocketing, Rendall & Rittner leaseholders will be concerned to learn that their managing agent receives £969,000 a year in commission on communal gas and electricity supplies.

According to a letter posted on Rendall & Rittner’s blog, the commissions are paid at the rate of 0.03 pence per unit (kilowatt hour) of electricity. Gas attracts a lower commission of 0.015 pence per unit.

According to the letter, Rendall & Rittner estimates it buys of 182 gigawatts of electricity and 282 gigawatts of gas each year.

Continue reading Rendall & Rittner makes nearly £1 million a year in gas and electricity commissions at Leasehold Knowledge Partnership.

FCA authorised firms that are coining more than 40% profits out of leasehold insurance, and here’s how:

November 1, 2022, 5:59 am

≫ Next: Leaseholders win control of 1,132-flat Chelsea Bridge Wharf … which means they also manage the HQ of housebuilder the Berkeley Group

≪ Previous: Rendall & Rittner makes nearly £1 million a year in gas and electricity commissions

$

0

0

£26.7m earned by FCA authorised firms owned by managing agents in years 2016-2021 with net profit margins hitting 73%

Managing agent owned firms appear to be far more profitable than large insurance brokers

Available data shows number of employees remaining stable, suggesting no significant increase in workload as a result of Grenfell

Easiest way of ensuring full disclosure is to produce certificates of insurance showing cost of the policy … and total of remuneration earned by all parties

By Liam Spender

Liam Spender is a solicitor and trustee of the Leasehold Knowledge Partnership.

Continue reading FCA authorised firms that are coining more than 40% profits out of leasehold insurance, and here’s how: at Leasehold Knowledge Partnership.

Leaseholders win control of 1,132-flat Chelsea Bridge Wharf … which means they also manage the HQ of housebuilder the Berkeley Group

February 7, 2025, 3:05 am

≪ Previous: FCA authorised firms that are coining more than 40% profits out of leasehold insurance, and here’s how:

$

0

0

Leaseholders have won the right to manage of the landmark Thames riverside site Chelsea Bridge Wharf, which includes the headquarters of the developer that built it, the Berkeley Group.

This is a hugely significant achievement, bringing flat-owner empowerment to one of the most important leasehold sites in the country just at the point when government is bringing forward a succession of reforms.

The victory is a loud rebuke to the existing system whereby management is imposed on flat owners by freeholders or head lessees, whose financial stake is a mere fraction of the value of the building.

Continue reading Leaseholders win control of 1,132-flat Chelsea Bridge Wharf … which means they also manage the HQ of housebuilder the Berkeley Group at Leasehold Knowledge Partnership.