Compton Group Ltd

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Ballard Homes

Articles

  • May.25.2018: Plan falls through for local group to purchase former Journal-World printing plant, develop downtown conference center. A plan for a local development group to buy the former Journal-World printing plant at the northern entrance to downtown and eventually win city approval to build a conference center and hotel has been dealt a setback. The development group led by Lawrence businessmen Mike Treanor and Doug Compton unexpectedly backed out of the deal just prior to it becoming finalized earlier this month. The Simons family thought it had a deal with a group led by Treanor, one of the top architects in town, and Compton, one of the largest commercial property owners in the city. Simons said the family is still open to doing a deal with that group, but said the proposed deal is dead. Bill Fleming, an attorney for the Treanor and Compton group, didn’t specify what led to the decision to back out of the deal. The Treanor and Compton group did finalize a purchase from the Simons family of the former Reuter Organ buildings that are on the east side of New Hampshire street. Fleming said plans haven’t been finalized for how those buildings could be redeveloped. Chad Lawhorn, Lawrence Journal World.
  • Dec.23.2016: The expensive insurance trap facing leaseholders. Unsuspecting homeowners are being exploited by firms that buy up "ground rents" on leasehold properties - and then force them to use their choice of insurer, often at higher rates, so they can earn commission. Housebuilders and companies that buy up freeholds are facing growing criticism after it emerged some people bought properties with spiraling ground rents written into the lease terms. One of Mike Hart's houses had its 999-year lease acquired by the Compton Group, a company that invests in ground rents. Compton contacted Mr Hart and insisted he switch to its preferred insurer, LV=, for his building insurance. He requested consent to use his own choice of insurer, AM Trust Europe, but was told he would have to pay £200 to do so. A subsequent letter threatened that he would be in breach of the terms of his lease unless he paid the charge, which was nearly double the insurance premium, within a fortnight. Luckily, Mr Hart discovered section 164 of the Commonhold and Leasehold Reform Act 2002, which gives leaseholders the right to pick their own insurer as long as certain conditions are met. Compton dropped the demand - and declined to comment when approached by Telegraph Money. Sam Brodbeck, The Telegraph.
  • Feb.10.2008: Compton Group +ground rent +insurance. We are leaseholders on a 1000 year lease for our house and pay ground rent of £5.25 per year. For 20 years we have paid and not had any additional demands from the leaseholder. Now it seems the lease has been sold to Compton Group and their insurance arm, Compton Insurance Services are insisting we can only insure the house with their chosen insurance company, Zurich. (multiple people in the same boat) ... MoneySavingExpert.com.