When the Office of Fair Trading finally says something about the issue of exit fees, it won’t be concerning the whole leasehold sector but only one single company.
This information has been given to an LKP activist in an email from one of the OFT’s bureaucrats.
“… we had hoped to be in a position to make a ‘substantive announcement’ in August. I should clarify that the planned announcement relates to the outcome of an OFT investigation of one of the firms we have been actively investigating … For the avoidance of doubt, the planned announcement does not relate to the publication of a report.
“Unfortunately the anticipated timing of the announcement has slipped and we now hope to make the announcement in early September.”
The official adds: “I appreciate that this remains a pressing matter for those leaseholders and other interested parties who are affected.”
The OFT has spent three years on this “pressing matter”.
Related posts:
OFT to make ‘substantive announcement’ on exit fees in August
DCLG stakeholders hear of ‘calamitous’ Law Commission report on exit fees
Housing minister urges transparency over retirement exit fees
OFT cuts deal with Tchenguiz on leasehold retirement sub-letting fees, but exit fees on sale still stand
Attack on OFT over exit fees
3 years investigating and at what cost with no report to show what they have actually been investigating? Another case of sitting on the fence for this government yet again, although I am not surprised by this at all.
What will it take for them to actually DO something to clean up this industry rather than giving everbody lip service!