Matthew Pennycook

Matthew Pennycook

Labour — Greenwich and Woolwich

Speaking in the House of Commons on 7 April 2025

Debate

Property Management Companies

Contribution

The Government recognise the considerable financial strain that rising service charges are placing on leaseholders. That is why we intend to consult on the Leasehold and Freehold Reform Act 2024’s provisions on service charges and bring them into force as quickly as possible thereafter. This year, we will also consult on strengthening the regulation of managing agents, including, as a minimum, introducing mandatory professional qualifications to set a new basic standard that managing agents will be required to meet.

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