Jim Fitzpatrick MP has called on the Government to do more for leaseholders who are getting ripped off by unfair charges and a complex legal system.
The MP for Poplar and Limehouse used a Westminster Hall debate to push for reform of a system which favours big property management companies. Referring to several cases of extortionate service charges in Tower Hamlets, including the Canary Riverside Development, the MP called on the government speed up the pace of reform and to ensure it’s cheaper and easier for residents to challenge their property management companies over charges.
Jim Fitzpatrick, MP for Poplar and Limehouse, said:
“Urgent action is needed to level the playing field between leaseholders and property management companies. We’ve got a big problem here in London and Tower Hamlets with rip off charges and underhand practices which are just plain wrong.
The Government needs to rein in predatory property management companies with legislation that gives leaseholders a fair say and the ability to challenge any and all charges.”
The debate comes a time when the Government has recently announced a new redress scheme and the Office of Fair Trading has recently launched an investigation into leasehold property management.
During the Westminster Hall debate Jim Fitzpatrick welcomed the new redress scheme but demanded extra safeguards and a guarantee of full transparency in service charges.