Dear Residents,
We are taking a significant step towards improving the management of Maltings Close. Over the past years, many of you have experienced rising service charges, poor management, and financial mismanagement by Urang Property Management. After careful review and consultation, we have formed a Right to Manage (RTM) company to take control of the building’s management and ensure fairer costs and better services for all leaseholders.
🔹 Alarming Issues with the ESW1 Certificate
The ESW1 certificate, meant to confirm fire safety, was issued without a proper invasive survey. This has resulted in mortgage difficulties for some residents, while Urang charged £23,000 for mismanaging the process.
🔹 Financial Mismanagement & Overcharging
Between 2021 and 2022, Urang transferred over £80,000 from our service charge account to their own affiliated companies, in addition to the £70,000 annual management fee—costing each leaseholder an extra £1,400. Legal action is now underway to recover unjust charges.
🔹 A Better Future Under RTM
- Lower Service Charges – Our new managing agent will reduce costs by 30%, saving each leaseholder an estimated £2,000 per year.
- More Efficient Service Providers – Better-quality gardening, cleaning, and maintenance at reduced costs.
- Energy-Saving Initiatives – Plans to install solar panels, reducing electricity bills by £500 per year per residentand generating potential income.
- Expert-Led Management – Our RTM board includes legal, banking, and architectural professionals to oversee fair, efficient building management.
Your Vote Matters!
To officially take control, we must serve an RTM claim on the freeholder, Chime Properties Limited. We already hold the majority, but your participation is crucial.
📌 Cast Your Vote & Learn More
We are committed to transparency and accountability. If you have any questions, please don’t hesitate to contact us. Together, we can make Maltings Close a better-managed, cost-efficient, and sustainable place to live.
Yours faithfully,
Amar Lodhia
Legal Advisor to Maltings Close RTM Company Ltd.
Chairman, Maltings Close Residents Association