Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 7
7
Paragraph: 58
Mandate OPSO providers highlight legacy service charge costs to prospective owners and families.
Recommendation
The Government must make it mandatory for providers of OPSO to highlight the potential legacy costs of service charges being passed on to family members to prospective shared owners and family members in line to inherit the property upon the shared owner’s death, prior to initial purchase. Homes England could ensure this by specifying the need to include this information in the Key Information Documents. The Government should also give consideration to how it can encourage providers to better support those inheriting OPSO properties to sell the property upon the death of their relative.
Paragraph Reference:
58
Government Response
A response document is linked to this report, dated 23 May 2024. Response attribution to this recommendation has not been verified. Read the response document ↗