Leasehold

(asked on 26th July 2024) - View Source

Question to the Ministry of Housing, Communities and Local Government:

To ask His Majesty's Government, following the passage of the Leasehold and Freehold Reform Act 2024, when they plan to deliver online calculators for lease extensions.


Answered by
Baroness Taylor of Stevenage Portrait
Baroness Taylor of Stevenage
Baroness in Waiting (HM Household) (Whip)
This question was answered on 8th August 2024

The Government will provide homeowners with greater rights, powers and protections over their homes. We are committed to implementing the provisions of the Leasehold and Freehold Reform Act 2024. The Government is also committed to further reform the leasehold system, enacting the remaining Law Commission recommendations relating to leasehold enfranchisement and the Right to Manage.

We will enforce measures to prescribe the rates to be used in enfranchisement valuation calculations, which determine the cost leaseholders must pay to extend a lease or acquire a freehold. This will allow leaseholders to understand how much it will cost to extend their lease or purchase their freehold upfront.

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