To ask the Secretary of State for Levelling Up, Housing and Communities, what his timeframe is for bringing forward legislative proposals to enact the leasehold reform proposals announced by the Government on 7 January 2021.
18 October 2021
The Government is committed to promoting fairness and transparency for homeowners and ensuring that consumers are protected from abuse and poor service. We are taking forward a comprehensive programme of reform to end unfair practices in the leasehold market. On January 7 the Government announced reforms to enfranchisement valuation, 990-year leases, removing the retirement exemption from zero ground rent measures and established a new Commonhold Council as a partnership of industry, leaseholders and Government that will prepare homeowners and the market for the widespread take-up of commonhold. This was the first part of the Government’s response to the Law Commission’s reports on enfranchisement, Right to Manage.
The Leasehold Reform (Ground Rent) Bill currently in Parliament will put an end to ground rents for new residential leasehold properties as part of the most significant changes to property law in a generation. The Bill's provisions will lead to fairer, more transparent homeownership for thousands of future leaseholders. This will be the first part of seminal two-part reforming legislation in this Parliament.