Leasehold: Reform

(asked on 27th March 2023) - View Source

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

To ask His Majesty's Government what plans they have to make the leasehold enfranchisement process easier for residential leaseholders.


Answered by
Baroness Scott of Bybrook Portrait
Baroness Scott of Bybrook
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
This question was answered on 11th April 2023

The Government has committed to making enfranchisement cheaper for leaseholders by reforming the process of valuation they must follow to calculate the cost of extending their lease or buying their freehold. We will abolish marriage value, cap ground rents in the calculation, prescribe the rates to be used and introduce an online calculator.

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