Government to regulate & cap the unrestrained rises in property Service Charges.

Rejected 17 signatures

What the petition asks

We bought a shared ownership property from L&Q in London in November 2013. Since then the Service Charges have risen by £60 PER MONTH, that's £720 PER YEAR in just 3 years! If any other company regulated by either Ofcom, Ofwat, Ofgem, etc, were to make similar rises there would be national uproar!

We can bring to bear a mass of evidence of three years of complaints, including meetings with Len Duvall at the GLA and our MP, Vicky Foxcroft, who are all aware of these matters. Also, read on:
https://www.theguardian.com/money/2016/mar/09/service-charges-soar-to-average-2777-per-year-for-new-build-flats
http://www.independent.co.uk/money/mortgages/dont-be-conned-by-excessive-service-charges-2023667.html
This widespread overinflated charging is out of control and it cannot go on unchecked!

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

Protection to leaseholders/residents to avoid exploitation from Property Mgt Co.

Timeline

6 Mar 2017	Petition opened for signatures
15 Mar 2017	Rejected by the Petitions Committee

Key facts

Signatures 17

Status Rejected

Rejected 15 Mar 2017

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