Property Management Companies: Fees and Charges
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether her Department has reviewed the level of fees charged by property management companies on the (a) sale and (b) remortgage of a home.
Answered by Matthew Pennycook
It is unacceptable for property management companies to charge unreasonable fees before providing leaseholders with the information they need.
The Leasehold and Freehold Reform Act 2024 contains measures to protect leasehold homeowners, including specific measures to improve the home buying and selling process by ensuring information required to sell a leasehold home is accessible at a reasonable cost.
We will be consulting on the secondary legislation that is required to switch on these measures in due course.
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