London leaseholders receive protection from unfair service charges

Leaseholders in London are to be given more protection from service charges under new rules introduced by Sadiq Khan. The Mayor of London is launching a new Service Charges Charter that will require housing providers to be more transparent and give more clarity to leaseholders over the charges they may incur. Housing providers will have to give new buyers a clear list of all the charges they could incur before the lease begins. Service charges will have to be set at “realistic” levels and reviewed regularly. Although it will not be mandatory for housing providers to sign up to the charter, any provider involved in the delivery of the GLA’s affordable homes programme will be expected to do so. 

Evening Standard (25/01/2022)