Written Question·Ministry of Housing, Communities and Local Government·UIN 68213
Leasehold: Valuation
Tabled: 15 July 2025
Answered: 23 July 2025
Question
Joe Powell
Labour — Kensington and Bayswater
To ask the Secretary of State for Housing, Communities and Local Government, when she plans to consult on the valuation rates used to calculate the cost of enfranchisement premiums.
Answer
Matthew PennycookThe 2024 Leasehold and Freehold Reform Act sets the method for calculating the price of a statutory lease extension or freehold acquisition, known as the valuation process. The Bill removes the requirement for marriage value to be paid, caps the treatment...
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