Regulation of Property Agents Working Group Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Lord Palmer of Childs Hill
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Regulation of Property Agents Working Group
Lord Palmer of Childs Hill Excerpts(3 years, 10 months ago)
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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.