Context
The question addresses ongoing reforms to the leasehold system and seeks details on concrete actions being taken.
Question
What steps his Department is taking to reform the leasehold sector. The Government continue to implement reforms that are already in statute and progress necessary reforms to end the leasehold system for good, including provisions in the draft Commonhold and Leasehold Reform Bill published on 27 January.
Answer from Matthew Pennycook
The Government are committed to strengthening regulation for managing agents and will switch on improved leaseholder consumer rights provided by the Leasehold and Freehold Reform Act 2024 at the earliest opportunity. The Minister is considering measures to address exorbitant service charge increases and protect people like Yvonne.
Not addressed: Specific details on measures being considered against property management firms are not provided, only a commitment to write with more information.
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