Lloyds counter–claims over ‘fee errors’

By ERIKKA ASKELAND
Published on Monday 23 January 2012 00:00

Lloyds Banking Group has filed a £4.2 million counter-claim against property managers Invista Real Estate, in which the bank owns a 60 per cent stake.

The property manager, which became part of Lloyds after it took over HBOS, has been pursuing Lloyds for a £500,000 management fee. The bank has hit back, alleging that Invista made “a number of errors” regarding the price of its funds.

In a statement the bank said: “After a thorough review, Lloyds Banking Group has discovered that Invista Real Estate Investment Management has made a number of errors with lease premiums and rent-free incentives on the Clerical Medical and Halifax Life property funds. The errors meant that the price of certain funds was incorrect and has to be rectified.

“We will be communicating all affected customers in due course, ensuring full redress.”

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axxion

Friday, February 10, 2012 at 08:43 PM

There is another large claim against Invista real estate management please contact [e-mail] if you had any experiences with this company we are interested in contacting other investors

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Colin RB

Saturday, January 28, 2012 at 03:13 AM

In my experience Lloyds HBOS staff and their lawyers tell lies

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