MP highlights loophole in Leasehold Reform Bill

FCA

Matt Brewis, head of insurance for the Financial Conduct Authority, has appeared before a parliamentary committee to discuss the Leasehold and Freehold Reform Bill and been challenged by MPs over whether the current crop of rules ensure insurance costs are reasonable.

Barry Gardiner, Labour MP for North Brent, pressed Brewis on the transparency elements of the Bill.

In November, Michael Gove, Secretary of State for Levelling Up, Housing and Communities, introduced

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Government to consult on leasehold commission ban

In a written statement published yesterday, the Minister of State for Housing, Communities and Local Government has said the government “will go out to consultation very shortly on the detail of the Act’s ban on buildings insurance remuneration”.

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