Oral Answers to Questions Debate
Full Debate: Read Full DebatePeter Prinsley
Main Page: Peter Prinsley (Labour - Bury St Edmunds and Stowmarket)Department Debates - View all Peter Prinsley's debates with the Ministry of Housing, Communities and Local Government
(1 day, 12 hours ago)
Commons ChamberThe Government continue to implement those reforms to the leasehold system that are already in statute and to progress the wider set of reforms necessary to end the feudal leasehold system for good. We have brought into force a number of provisions in the Leasehold and Freehold Reform Act 2024, with more in the pipeline, and we remain on course to publish an ambitious draft leasehold and commonhold reform Bill later this year.
We know that there are good managing agents who work hard to ensure that the residents they are responsible for are safe and secure and that homes are properly looked after, but we also know that far too many leaseholders suffer from poor service at the hands of unscrupulous managing agents. In our recent consultation on strengthening leaseholder protections over charges and services, we consulted on powers to appoint a manager or replace a managing agent as well as on mandatory professional qualifications for managing agents in England. We think that those proposals strike the right balance, but we are analysing all the feedback we receive to that consultation.
I thank the Minister for his answer to the previous question. In my constituency of Bury St Edmunds and Stowmarket, leaseholders are facing soaring service charges and falling standards. Some have told me that they are considering withholding payment. Does my hon. Friend agree that much greater regulation of property managers is urgently needed to ensure accountability and standards?
My hon. Friend highlights that, as many of us know, the reality of home ownership for so many leaseholders falls far short of the dream. We absolutely agree that we need to strengthen the regulation of managing agents, to drive up the standard of their service. We are looking again at Lord Best’s 2019 report on regulating the property agent sector, particularly in the light of the recommendations in the final Grenfell inquiry report. We have set out a number of specific proposals in the consultation that I referred to in my previous answer. Our preferred approach in implementing mandatory professional qualifications is for agents to belong to a designated body, but all final decisions will be taken in due course.