Leasehold
The question
To ask the Secretary of State for Housing, Communities and Local Government, if he will take steps to (a) ensure that leaseholders whose leases are approaching the 80–85 year bracket are informed of the implications for lease extension costs and (b) collect (i) email addresses and (ii) other contact details to provide timely reminders.
Answered by Matthew Pennycook
The Leasehold and Freehold Reform Act 2024 includes provisions that will make it cheaper and easier for existing leaseholders to extend their lease or buy their freehold.
As set out in the Written Ministerial Statement I made on 21 November 2024 (HCWS244), the government intends to act quickly to provide homeowners with greater rights, powers, and protections over their homes by implementing the Act’s provisions.
Leaseholders can view high level information on their lease on the title register or request an official copy of their lease from HM Land Registry (HMLR) using form OC2. A dataset of registered leases is also published by HMLR and can be accessed free of charge for personal use. This can be found on gov.uk here.
Specialist legal advice should be taken from a solicitor or surveyor when considering enfranchisement or extensions. Leaseholders can also get free information and advice from the Leasehold Advisory Service.
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