Written Question·Treasury·UIN 44037
Property Management Companies: Bank Services
Tabled: 3 April 2025
Answered: 9 April 2025
Question
Rachel Gilmour
Liberal Democrat — Tiverton and Minehead
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the change in banks' policies on block management accounts on people who own apartment buildings.
Answer
Emma ReynoldsThe Government is aware of ongoing action taken by some banks to restrict their services in respect of pooled client accounts, which may include block management accounts. We understand the difficulties this can cause for those whose accounts have been cl...
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