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ONE of the North West’s largest independent corporate insurance brokers, Bridge Insurance Brokers Limited, has announced the launch of a London office. Well established as a national and international broker and risk adviser, Bridge is capitalising on 40 years of success in the industry. The Award winning firm have recently designed an exclusive and specialist insurance facility for blocks of flats, called FlatGuard. FlatGuard provides an all round insurance solution incorporating wide-ranging bespoke

The FPRA and The Leasehold Advisory Service teamed up for a Leaseholder Residents Rights Workshop organised and chaired by local Walthamstow MP Stella Creasy. Stella Creasy said: ‘Over the course of the last few months a number of subjects relating to leases have been raised with me by local residents. These include increases in Service Charges, the poor performance of management companies, the requirement to take insurance cover with the management companies preferred insurer, and most recently increas

Over the last 6 months of reported cases, the Ombudsman Services: Property has investigated 9 cases of complaint against managing agents. In reaching its final decision, the Ombudsman required the managing agent to apologise (in three cases), to pay compensation of between £50-100 (in three cases), to take remedial action (in eight cases) and to take no further action (in one case). The complaints presented included: failure to provide a service charge certificate with the accounts, failure to upkeep the

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Auditioning for a replacement managing agent can feel like a time-consuming gamble, and it’s not a process you want to keep repeating. With numerous managing agents to choose from, how do you differentiate between the many hopefuls and make sure you find the one who is exactly right? The standard procedure is to find companies which are members of the Association of Residential Managing Agents (ARMA) or the Royal Institution of Chartered Surveyors (RICS), invite a selection of firms to tender, listen to

Property Manager Tony Martin, from Caxtons, one of the largest independent property practices in the South East, and his colleague, Gemma Weighill, took part in the recent British Heart Foundation’s London to Brighton cycle ride. They raised in excess of £300 and said they were following in the footsteps of former Chairman, James Pilcher, a keen fundraiser. Sadly, James died of cancer last November.

There has been a steady growth of actions within the Leasehold Valuation Tribunals since the Commonhold and Leasehold Reform Act of 2002. With the requirements to send section 153 and section 158 notices with any demands or administrative fees to leaseholders explaining their statutory rights and obligations the law has created a system of leaseholder led regulation. In the event that leaseholders believe their service charges are unreasonable they can challenge them through the Tribunal system. Whilst no

The beauty parade is over; you’ve picked up a substantial new block with a winning combination of service, excellence and value for money. And this is where the fun can start: extracting the documentation from the previous managing agent. When you take over a new block, you will want to secure as much personal, financial and property documentation as possible from your predecessors. As a bare minimum, you should ask the managing agent for the previous six years’ documentation relating to service charge

Property managers are increasingly coming under pressure from residents to upgrade their current TV systems, particularly given the recent advances in TV technology and the digital switchover (DSO). This was the case at Haddenhurst Court, a 2 storey block of 37 private retirement apartments in Berkshire, managed by a national retirement property company. In the past, residents watched TV through an analogue communal TV aerial. However, many have found the range of TV options quite limited. Addressing th

A 191 page guide to fire safety in blocks of flats has been published by the Local Government Group. The document also includes relevant case studies that focus on some of the common issues found in blocks of flats with suggested fire safety solutions. FPRA Chairman Bob Smytherman, who was also a member of the reference group that produced the guide, said: “The previous advice covered most types of property, but it was never sufficient for common parts of blocks of flats and some landlords and residenti

The role of the managing agent is central to the management of a Residents Management Company (RMC) or Right To Manage (RTM) block. Often the role of director is taken by an unpaid volunteer with little or no prior knowledge of company law, their duties, responsibilities and potential personal liabilities. The board of directors will expect the agent to carry out its wishes and it is therefore imperative that the agent fully understands the relationship and also the company’s constitution. Every company

Retirement housing specialist Goldsborough Estates received three silver medals in the annual awards presented by the Association of Retirement Housing Managers. The awards are presented to retirement housing providers performing the best in customer satisfaction surveys. Goldsborough Estates received silver in all three ARHM award categories – ‘Participation in management and decision making’, ‘Satisfaction with the overall service provided’ and ‘The service charge represents good value for money’. The