Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Housing, Communities and Local Government, if she will make it her policy to require estate agents and other sellers of residential property to include risk warnings in property listings where the tenure is leasehold.
Under the Digital Markets, Competition and Consumers Act 2024, property listings must not omit information that the average consumer needs to make an informed transactional decision.
On 9 February, the government announced action to improve the availability of property information. This will help transactions run more smoothly by ensuring all parties are able to access the information they need at the right time.
In addition, the Leasehold and Freehold Reform Act 2024 contains measures to protect leasehold homeowners, including specific measures to improve the home buying and selling process by ensuring information required to sell a leasehold home is accessible at a reasonable cost. We will be consulting on the secondary legislation that is required to switch on these measures in due course.
We continue to work with stakeholders across industry, government, and the public sector to understand the most effective way of supporting buyers to make the right decisions.