Jim Shannon

Jim Shannon

Democratic Unionist Party — Strangford

Speaking in the House of Commons on 8 September 2026

Debate

Retirement Property Management Companies: Regulation

Contribution

I commend the hon. Gentleman for securing this debate. Vulnerable retirees in Strangford are facing experiences and anxieties that mirror those he has referred to. While we do have the Ground Rents Act (Northern Ireland) 2001, it lacks a statutory cap on ground rents and it is not possible to regulate the runaway management and event fees levied by private firms. Does the hon. Gentleman agree that our elderly population, including elderly constituents in Strangford, deserve uniform financial protections and safety from predatory management practices, regardless of which corner of the United Kingdom they reside in?

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