Leasehold Home Ownership: Buying your freehold or extending your lease

Posted by the Property team on 25th September 2018

On Thursday, 20 September 2018, the Law Commission published its long-awaited consultation report on proposed changes to the regimes whereby leaseholders can either purchase their freehold or extend their leases.  As the consultation was branded “Tackling Unfair Practices in the Leasehold Market” it is probably not surprising that wholesale reforms are considered necessary.

Within its 546 pages, various reforms are proposed, which appear to move towards adopting one legislative basis for a rationalised, simplified enfranchisement process that will encompass flats, as well as leasehold houses which were primarily the main concern that prompted this area to be looked at.

The full report is here. 

Interested parties have until 20^th November 2018 to respond to the 135 questions that are posed.

To discuss leasehold enfranchisement issues further, please contact Nick Tompkin on 01903 229910 or  by email  or alternatively contact Mary Wheatland on 01903 706958 or by email