To ask Her Majesty's Government, further to the Written Statement by the Secretary of State for Housing, Communities and Local Government on 11 January (HCWS695), whether leaseholders will retain the right to extend their leases by 90 years.
Answered on
25 January 2021
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 now and in the future and save money by avoiding the need for multiple lease extensions.