A consultation about whether the maximum commission rate of 10%, currently chargeable on the sale of every park home should be retained, changed, or abolished has been published.
Announcing the publication of the consultation the consultation, the Cabinet Secretary said:
“The review into the industry rightly highlights that commission rates are a complex issue with the potential for significant consequences. We know there are strongly held, but conflicting views amongst park owners and residents on this issue.
“As the review I commissioned last year into the economics of the park homes sector did not provide sufficient evidence to determine the future of the commission rate, I wanted to provide a further opportunity for those affected to have their say. The options published for consultation include reducing or even abolishing the commission rate, as well, of course, as retaining the status quo.
“I hope all interested parties will take advantage of the opportunity this consultation provides to submit further information and to provide robust evidence to support their views. In particular, park owners should provide access to detailed financial information if they wish to justify maintaining the current position.”