To ask the Secretary of State for Levelling Up, Housing and Communities, whether he has had discussions with officials in his Department on the legislative processes that will be required to be brought forward in the event that it proceeds to end marriage value.
This answer is the replacement for a previous holding answer.
24 May 2022
The Government is committed to creating a fairer and more transparent housing system that works for everyone and to delivering the second phase of our major two-part leasehold reform within this Parliament.
In January 2021, the Government announced a package of reforms on enfranchisement valuation, including the removal of marriage value.
Under the current system, too many leaseholders find the process for extending their lease or buying their freehold prohibitively expensive, too complex and lacking transparency. The Government is addressing this historic imbalance to ensure fairness for leaseholders, whilst taking account of the legitimate rights of freeholders.
Ministers regularly meet with officials to discuss leasehold reform. This is a long-term reform programme; it is complex with many interdependencies and will take time to get the detail right. Once it is enacted the effect will be felt for generations and so we are determined this work considers all the implications with care.