In Focus Consumer Credit
The Leasehold Reform Consultation – a response
A major industry trade association has its say on the Ministry for Housing, Communities & Local Government consultation
Beth Rudolf Director of delivery, the Conveyancing Association
Last month we issued our response to the Ministry for Housing, Communities & Local Government (MHCLG) consultation on Implementing Reforms to the Leasehold System. The consultation deals with implementing
the government’s plans for leasehold houses and also includes questions on the timely provision of leasehold sales information and the cost of providing it. We believe that all managing agents and freeholders should be able to provide
leasehold information within 10 working days, and that the maximum fee chargeable should be between £150 and £300 to provide the full Leasehold Property Enquiries (LPE) data, depending on the complexity of the estate. We are calling for greater provision of
information online, which would be accessible to conveyancers, without imposing any additional administrative burden on the Lease Administrator. This would enable the LPE to be ordered at the point of marketing,
and the 12 answers in the form, which could change, to be refreshed when a buyer is found.
Practicalities We have provided our views on the practicalities of ensuring homes, which are not exempt from the rules, are not sold as leasehold and the process by which tenure can be changed to freehold – allowing HM Chief Land Registrar or the First
We would like to see all legal costs, and any required premium, paid by the seller if they cannot demonstrate a mistake or mutual misunderstanding has been made in selling the house as leasehold
Tier Tribunal to do this – and the redress that should be available to those where a long lease has been incorrectly granted on a property. We would like to see all legal costs, and
any required premium, paid by the seller if they cannot demonstrate a mistake or mutual misunderstanding has been made in selling the house as leasehold, plus we would also like to see the seller to also be required to enter into a deed of variation to correct the error.
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www.CCRMagazine.com December 2018
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