Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Housing, Communities and Local Government, what steps his Department has taken to consult with (a) housebuilders and (b) residential property investors on the Government's proposals for reform of the leasehold system.
In 2017, the Government published a consultation document to seek views leasehold reform. We received an exceptional response with over 6,000 replies, many from developers and investors. Since then, my Department has been engaging with a range of stakeholders as part of developing a detailed approach to implementing this policy.
To help existing leaseholders the Law Commission is reviewing the law on enfranchisement with a view to making it fair, faster, and cheaper for leaseholders to extend their lease or buy their freehold. They are also considering whether there needs to be a ban on transmitting unfair terms when a lease is sold on.