London Legacy Development Corporation fixed estate charge

Questions to the Mayor of London – answered on 30th May 2021.

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Photo of Siân Berry Siân Berry Green

Does the London Legacy Development Corporation (LLDC) fixed estate charge impact residents in affordable tenures and, if so, is it accounted for when calculating affordability?

Photo of Sadiq Khan Sadiq Khan Mayor of London

The Fixed Estate Charge applies to all affordable tenures/units and this is taken into account by the Developer Partners when assessing the affordability on relevant tenures.

However, there is a reduced rate for some types of affordable tenures and for those in social rent properties, the FEC is paid for by the Housing Association rather than the resident.