The First Minister might be aware that an estate agency based in Edinburgh—McEwan Fraser Legal—is demanding a buyer’s premium fee on the sale of property. If prospective buyers do not agree to pay it, the property is offered to the next bidder who can pay it. Concerns about the practice have been raised with me by a constituent who has spent 12 years saving for his first flat and who is now expected to pay a buyer’s premium fee of £2,940 on a £130,000 flat.
Does the First Minister agree that the buyer’s premium fee is an example of unscrupulous, unethical, rent-seeking sharp practice by McEwan Fraser Legal? Will her Government look into the issue and assess the legality and morality of a practice that adds further costs to the process of buying a house? Does she agree that the subject matter of the Estate Agents Act 1979 should be devolved so that this Parliament has full powers over matters relating to the acquisition of land and property?