Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, what steps he is taking to ensure leaseholders have access to the full terms of their lease before completing a property transaction.
On 6 October, my Department published two consultations outlining reform proposals to transform home buying and selling. They can be found on gov.uk here and here.
The consultations included proposals to require sellers and estate agents to provide upfront property information. This might include information relating to leasehold terms, property condition, and purchasing chains.
In the consultations in question we also made clear our intention to switch on measures in the Leasehold and Freehold Reform Act 2024 to speed up the provision of information for leaseholders and homeowners on private or mixed tenure estates who wish to sell their property.
We are now reviewing the feedback received and will set out details of next steps later this year.