Question to the Department for Levelling Up, Housing & Communities:

To ask His Majesty's Government what plans they have to introduce an online calculator for the cost of lease extensions under the Leasehold and Freehold Reform Bill.

Our reforms will make it cheaper and easier for leaseholders to extend their lease or purchase their freehold. An Impact Assessment for the Leasehold and Freehold Reform Bill has been carried out and published on the Parliament website at: Leasehold and Freehold Reform Bill publications - Parliamentary Bills - UK Parliament.

The rates used in enfranchisement valuation calculations will be prescribed by the Secretary of State and the Government is giving further consideration to how these rates should be reached.

The Leasehold and Freehold Reform Bill is A1P1 ECHR compliant as introduced on 27 November 2023.

We are going to launch an online calculator which will help leaseholders understand how much it will cost to extend their lease or purchase their freehold upfront.