Leasehold

(asked on 3rd March 2022) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask Her Majesty's Government what plans they have, if any, to require the sales and promotional material for individual leasehold properties to include (1) copies of the legislation relating to leasehold properties, and (2) any legislative proposals Her Majesty’s Government have published on (a) lease extensions, and (b) freehold rights to buy.


Answered by
Lord Greenhalgh Portrait
Lord Greenhalgh
This question was answered on 17th March 2022

The Government is committed to promoting fairness and transparency for homeowners and ensuring that consumers are protected from abuse and poor service. We have already committed to setting a maximum fee and timescale for the provision of leasehold information when a home is being sold. This will require freeholders, or managing agents acting on their behalf, to provide relevant information including details of service charges. We will bring forward these proposals as soon as parliamentary time allows and will publicise changes widely so that leaseholders are aware of the maximum fee they should pay.

Furthermore, as set out in the Levelling Up White Paper, the UK Government and the industry will work together to ensure the critical material information buyers of leasehold and freehold properties need to know - like tenure type, lease length and any service charges - are available digitally wherever possible from trusted and authenticated sources, and provided only once.

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