Question to the Department for Levelling Up, Housing & Communities:
To ask Her Majesty's Government what action they are taking to help those purchasers of houses with leasehold agreements with excessive uprating provisions to replace such provisions with fairer ones.
The Government is clear that unfair leasehold practices have no place in the housing sector. We are committed to improving the leasehold system by making it fairer and more transparent. We will be introducing legislation to ban new leasehold houses.
It is right that developers who sold leaseholds with onerous terms should support their customers to amend such lease terms. Some developers have introduced assistance schemes which is welcome. The Government is engaging with industry to ensure they are taking action to provide assistance to existing leaseholders with onerous terms.