Matthew Pennycook, Minister of State for Housing and Planning, has said the Government is set to launch a commission in the near future on the commission ban on buildings insurance that was set out in The Leasehold and Freehold Reform Act 2024.

He stated: “We understand that for many leaseholders the cost of living will be their primary immediate worry. For too long, leaseholders have borne the brunt of opaque and excessive costs being passed on to them.

“We will go out to consultation very shortly on the detail of the Act’s ban on buildings insurance remuneration such as commissions for landlords, property managing agents and freeholders being charged through the service charge and their replacement with transparent and fair fees.”