Question to the Department for Levelling Up, Housing & Communities:
To ask Her Majesty's Government, further to the Written Answer by Lord Greenhalgh on 25 January (HL12025), whether 90 year lease extensions will still be an option after the proposed forthcoming leasehold reforms.
The Government remains committed to promoting fairness and transparency for homeowners and ensuring that consumers are protected from abuse and poor service.
Through our reforms the length of a statutory lease extension will increase to 990 years, replacing the current 90 years for flats and 50 years for houses. Long leases provide long term security for leaseholders and saves them from paying for multiple lease extensions.
The Law Commission’s report on enfranchisement contains recommendations relating to lease extensions that are not on statutory terms. We will respond to the Law Commission’s remaining recommendations on enfranchisement as well as commonhold and right to manage in due course.