Consumers, Estate Agents and Redress Bill [HL]

My Lords, in Committee I moved an amendment suggesting that the figure be raised from £500 to £1,000. The arguments are similar here. The sum of £500 is too small; indeed, it is derisory in relation to the sums of money that are at stake in an estate agency transaction. I would have thought that anything the Minister could do to raise the figure above £500 would be sensible and welcome.