Rebecca Paul

I thank the hon. Member for his encouragement and I will keep coming up with radical ideas. Before I finish, I want to raise the issue of education and information provision to homebuyers. If most people knew the current problems with leasehold arrangements, they would not buy them—or they certainly would not pay as much for them. I am sure that conveyancers include warnings and information when managing the sale and purchase process, but it is not cutting through. People are sleepwalking into purchases with little or no understanding of the uncapped service charges they are signing up to, and we must do more to ensure that people are adequately advised and informed before signing on the dotted line. I would be most grateful if the Minister could today give his view on a few things. How can we best address the current power imbalance between leaseholders and property service companies? What role does he see an industry regulator playing in driving up standards? What default tenure model should be used for future housing estates to reduce the incidences of these issues in the first place? I would also appreciate his views on my suggestion to move to a mandatory adoption model after development completion.