A lot!
Bloor Homes Ltd wanted to initiate handover to Chamonix/FirstPort in 2020. If that had happened, Chamonix/FirstPort would have been justified in starting to charge the residents a Service Charge. The RA prevented this from happening and insisted that the entire development be handed over when it was all completed. That still hasn’t happened and won’t happen until the Certificate of Final Completion has been issued in early summer 2024 (the RA suspects that might be June 2024).
As a result, residents have saved approx. £100,000 by deferring handover until all work has been completed. This is based on a conservative estimate of £33,000 per year expenses which would have been incurred by FirstPort and passed on to residents. Based on recent inflation, we expect the next estimate should be in excess of £40,000.
The RA has been actively involved in all handover discussions up until the final handover inspection, with the express intention of ensuring Bloor completes ALL aspects of the original planning application. The RA suspects that Bloor Homes Ltd coerced senior leaders within VWHDC to fast track the inspection process and therefore not to include the RA. This was probably to avoid legal action due to the delays imposed by VWHDC on the handover process.
Bear in mind, VWHDC does not have the time or energy to devote to ensuring Bloor Homes Ltd completes all work according to the Planning Application. In essence, VWHDC accepts whatever Bloor Homes Ltd tells it at face value – there are very few checks undertaken, if any. The RA has learnt about the inner workings of VWHDC, through a very reliable source. The RA therefore took it on itself to protect the interests of residents, by adding that extra level of governance that VWHDC didn’t have the time (or willing) to add itself.
The RA has successfully argued that any cost FirstPort has attempted to impose on residents (in the form of Service Charges) prior to handover have (effectively) not been on a valid legal basis. FirstPort has acknowledged this fact and Bloor has been repaying residents any costs that FirstPort has been charging them, without question. The process can be found here: Claiming back service charges from Bloor Homes Ltd.
So, the RA thinks it has justified its existence, based on the progress made so far.