Housing: Pensioners
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether she plans to take legislative steps to ensure that pensioners are not impacted by annual retirement property price increases.
Answered by Matthew Pennycook
Leaseholders living in retirement housing who pay variable service charges will benefit from measures contained in the Leasehold and Freehold Reform Act 2024 that will ensure all leaseholders receive minimum key financial and non-financial information on a regular basis, including introducing a standardised service charge demand form and an annual report, so that leaseholders can scrutinise and better challenge costs if they are considered unreasonable. The Government are committed to acting quickly to implement the provisions of the Act.
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