NEW BUILD ESTATES

The Competition and Markets Authority (CMA) has published the first in a series of ‘working papers’ – which seeks feedback on potential solutions to problems with new build estate management and the charges households are required to pay.

Options set out in the working paper, which the CMA is currently considering, are:

• Strengthening consumer protections for households paying estate management charges – including giving people the power to challenge shoddy work, unreasonable charges and receive information over how they are set.
• Increasing the extent to which amenities on new build estates are adopted by councils, which would remove the requirement for households to pay estate management charges.

If you are buying a New Build Property, contact our Residential Property team on 01606 74301 and speak to our friendly team of property experts who will be delighted to assist with your house move.