Context
The question arises from concerns about the fairness and transparency of exit fees in retirement housing.
Question
What recent assessment his Department has made of trends in the level of exit fees for retirement homes. A constituent unable to wind up estate since 2023 faces £15,000 service charges plus exit fees that will wipe out value from sale. Steps taken by Government to tackle excessive service charges and ban exit fees?
Answer from Matthew Pennycook
Event fees should be fair, transparent and communicated effectively. We consulted on measures last year to strengthen leaseholder protections including event fees and will respond to the consultation soon. Resale values are influenced by various factors but recommendations from older people's housing taskforce commented on resale values and what might be done.
Not addressed: Did not commit to specific steps or timeline for regulation of excessive service charges and exit fees ban
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