Oral Answers to Questions

Anna Dixon Excerpts

Monday 20th January 2025 Commons Chamber

[Sarah Hall (Warrington South) (Lab/Co-op)]

3. What steps she plans to take to reform the leasehold system.

[Anna Dixon (Shipley) (Lab)]

6. What steps she plans to take to reform the leasehold system.

[Mr Joshua Reynolds (Maidenhead) (LD)]

15. What assessment she has made of the potential merits of abolishing residential leaseholds.

--- Later in debate ---

[Matthew Pennycook]

I fully appreciate the desire of my hon. Friend’s constituents to take advantage of the provisions in the 2024 Act that will make it cheaper and easier for existing leaseholders in houses and flats to buy their freehold. Unfortunately, we discovered on assuming office that the previous Government had passed the Act with a number of specific but serious flaws that prevent certain provisions, including those relating to enfranchisement valuations, from operating as intended. We need to fix those flaws through primary legislation, and we intend to do so at the earliest possible opportunity.

[Anna Dixon]

Earlier this month, together with about 40 Labour MPs, I met the managing director of FirstPort. I raised the case of 90-year-old Tom, who lives in a retirement complex in Bingley in my constituency. Like many of the residents whose stories we shared, he has been hit by extortionate service charges that have risen way above inflation. Does the Minister agree that stronger regulation of managing agents is needed to protect pensioners like Tom and others in leasehold flats from unaffordable housing costs?

[Matthew Pennycook]

We are very much aware that some managing agents provide a very poor quality of service to people like Tom and leaseholders across the country. Managing agents play a key role in the maintenance of multi-occupancy buildings and freehold estates, and their importance will only grow as we transition towards a commonhold future. As such, we have made it clear that we will strengthen the regulation of managing agents to drive up the standard of their service, and we are considering carefully the recommendations made in Lord Best’s 2019 report on regulating the property agent sector.