Housing: Leasehold

Lord Truscott Excerpts

Tuesday 5th January 2021 Lords Chamber

Asked by

[Lord Truscott]

To ask Her Majesty’s Government whether they plan to implement the recommendations in the report by the Law Commission Leasehold home ownership: buying your freehold or extending your lease, published on 21 July 2020; and if so, when.

[The Minister of State, Home Office and Ministry of Housing, Communities and Local Government (Lord Greenhalgh) (Con)]

My Lords, first of all I point out my residential and commercial property interests as set out in the register. The Government are committed to promoting fairness and transparency for homeowners and are taking forward a comprehensive programme of reform to end unfair practices in the leasehold market. Last year, the Law Commission published reports on enfranchisement, commonhold and right to manage. We will announce details of how the Government will take forward reform in this area as soon as possible.

[Lord Truscott (Ind Lab) [V]]

My Lords, I thank the Minister for that reply. I declare an interest as one of England’s 4.3 million leaseholders. Owning a leasehold property can be a nightmare for many. The whole feudal system, unique to England and Wales, is designed to protect the interests of freeholders, and their professional acolytes, at the expense of leaseholders. Even appreciating the pressures of the current Covid crisis, will the Minister and Her Majesty’s Government please get a move on and treat leasehold reform with the urgency it demands? No more delay, please.

[Lord Greenhalgh (Con)]

I assure your Lordships that leasehold reform is coming. A lot has been announced and, subject to the vagaries of the Downing Street grid, more will be announced shortly.