The Leasehold Advisory Service will be funded so that it can unambiguously represent the interests of leaseholders without dependence commercial deals with the sector, the housing minister Gavin Barwell said yesterday.
“This means information must be free in financial terms, but it must also be free from any bias; impartial; a service dedicated to leaseholders,” Mr Barwell told the Leasehold Advisory Service “annual conference” / trade show where admission cost £350 a head.
“In recent years we have encouraged them to act more commercially, selling their services to others in the leasehold markets, including freeholders and managing agents.
“But what we really want is for them to help leaseholders. To be solely, and unapologetically, on their side.
“That’s why I am announcing today that the Department for Communities for Local Government will ensure LEASE receives sufficient on-going funding to concentrate solely on advising the growing number of leaseholders.
“This means LEASE concentrating only on supporting leaseholders and being funded to ensure it can maintain its independence in doing so.
“I want LEASE to use the capacity they gain to inform and shape future leasehold reforms, alongside their advice service to leaseholders. I want LEASE to use what they learn from helping leaseholders to take forward our ambition for improving how leasehold operates to ensure it works on a fair basis for all.”