Regulation of Property Agents Working Group
Debate between Lord Greenhalgh and Lord Palmer of Childs Hill
Wednesday 20th October 2021
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(3 years, 1 month ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Lord Speaker (Lord McFall of Alcluith)
The noble Lord, Lord Adonis, is not here.
Lord Palmer of Childs Hill (LD)
My Lords, I declare my interest as chair of the advisory board of the Property Redress Scheme. The noble Lord, Lord Best, put it very clearly: this report was two years ago, and still nothing concrete has happened. Some things can be done quite simply. The first recommendation is the appointment of a new independent regulator to lead matters in this instance. May I specifically ask the Minister when he expects such a regulator to be appointed?
Lord Greenhalgh (Con)
The noble Lord will know that the creation of a new regulatory regime requires a legislative underpinning. We are considering how to move forward on this and other areas and will come back to this House in due course.