Property Management Companies: Bank Services

Summary

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the change in banks' policies on block management accounts on people who own apartment buildings.

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Timeline

1. 3 April 2025

   Written question

   To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the change in banks' policies on block management accounts on people who own apartment buildings.

   Source: Commons

2. 9 April 2025

   Answer

   The Government is aware of ongoing action taken by some banks to restrict their services in respect of pooled client accounts, which may include block management accounts. We understand the difficulties this can cause for those whose accounts have been cl...

   Source: Written answer

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• · Treasury · Answering body

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