Government should beware of regulators unable to protect flat dwellers from extortion

There is a move within the Labour Party to regulate the leaseholders  service contracts and those delivering on them.

It may sound good governance to those in Government but it isn’t. In my business (pensions) we have seen our regulator grow every year in the past 21 since it was started and it now finds it hard to get things done. A housing regulator is not what those who are fighting to free leaseholders want or need.

Leon Ward puts the leaseholders best interests first. I fear that Danny Beales MP has been influenced by bad actors who will hide behind regulation to continue as they always have.

Harry Scoffin picks up where Leon left off

Harry and Free Leaseholder say capping admin fees is fine, but it is nothing compared with tackling much bigger service charges, which are making homes unmortgage able and unsellable.

Regulators too often get captured by the industries they are meant to police, while the costs of running this one will ultimately be passed down to leaseholders.

Freeholder lobbyists at the RFA and managing agent lobbyists at TPI support the regulator. They are not scared of it. That should tell you all you need to know. The law must change to end freeholder-controlled management monopolies in flats, giving leaseholders a much easier Right to Manage so they can switch managing agents and control their service charges.

I’ll leave the final word to Harry. He has worked too hard on this not to listen to his impassioned plea not to let the Government be captured through a regulator

 

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About henry tapper

Founder of the Pension PlayPen,, partner of Stella, father of Olly . I am the Pension Plowman
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