(4 years, 11 months ago)
Commons ChamberWe are committed to reforming the leasehold market so that it is fairer for consumers and the abuses that we have seen in recent years are addressed. To achieve this, we have a comprehensive programme of reform, and we are moving forward with legislation, beginning with the Bill set out in the Queen’s Speech banning new leasehold houses and reducing ground rents on future leases to zero.
The Secretary of State says he is committed to reform. Since 2015, I have come across countless cases of people trapped on iniquitous terms in relation to ground rent, cladding—you name it—and unable to extend without paying through the nose. In that same time, however, the Government have had seven consultations, and there is no concrete legislation about anything they are actually going to do. Can he tell us when he will end this feudal hangover, which is unique to England, once and for all?
The hon. Lady is incorrect. The Queen’s Speech made it clear that we will be bringing forward legislation. We intend to publish a draft Bill shortly, which will take the first steps that I have just described. We are also awaiting the next report of the Law Commission. We have just received one on enfranchisement. It is a very important issue, and I certainly want to take forward its recommendations to ensure a simpler and fairer system. The next report of the Law Commission will be on commonhold. Again, we will be paying close attention to that. At our encouragement, the Competition and Markets Authority is now looking into the mis-selling of leaseholds, which is another important issue. Be under no illusion: we will be taking forward leasehold reform, and soon.