Leasehold

Ministry of Housing, Communities and Local Government written question – answered on 9th January 2019.

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Photo of Steve McCabe Steve McCabe Labour, Birmingham, Selly Oak

To ask the Secretary of State for Housing, Communities and Local Government, whether he has made an assessment of the potential merits of bringing forward proposals to protect existing homeowners who are prevented from selling their properties due to the amount of time left on the lease.

Photo of Heather Wheeler Heather Wheeler Parliamentary Under-Secretary (Housing, Communities and Local Government)

We are working with the Law Commission to make it easier, faster, fairer and cheaper for leaseholders to buy their freehold or extend their lease. The Law Commission have recently consulted on possible measures, including introducing a prescribed formula that provides fair compensation to the landlord, whilst also helping leaseholders avoid incurring additional court costs. This consultation closed on 7 January 2019 and the Law Commission will be providing recommendations to Government later this year.

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