Minister Targets Leasehold System, FirstPort Faces Criticism
Update: 2025-12-04
Description
A senior UK minister, critical of FirstPort, one of the countrys largest property management companies, is set to introduce a draft bill to largely end the leasehold system. Following a meeting with FirstPorts managing director, the minister expressed dissatisfaction with the companys responses to concerns. Leaseholders have shared experiences of neglect, delays, and high charges, highlighting a lack of accountability. The ministers draft bill aims to ban new leasehold sales, simplify property conversions, and establish a new licensing system for property managers, following a consultation on service charge transparency.
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