1. Leasehold home ownership: buying your freehold or extending your lease
Law Commission Consultation Paper

2. Fair Our role Cost-effective Modern Simple
Keep the law of England and Wales under review and to recommend reform where it is needed
Cost-effective
Modern
Simple

3. Background to our project
Concerns about leasehold

4. Residential leasehold and commonhold: Terms of Reference
Freeholders
Leaseholders

5. Enfranchisement: Terms of Reference
Improve access
Simplify
Options to reduce premiums

6. Scope of our work
Who?
How?
What?
How much?

7. Limits of our work
Enfranchisement does not address all concerns with leasehold:
Existing lease terms
Mis-selling
Further Law Commission work:
Commonhold
RTM
Unfair terms on assignment
Further MHCLG work

8. Our consultation
Consultation paper and summary of the consultation paper Online response form homeownership Leaseholder survey Our consultation closes on 7 January 2019

9. Aims for today
We want to hear your views on our provisional proposals for reform
We will also try to answer as many of your questions as we can – but we cannot give legal advice
We hope our presentation will help inform the debate about our proposals and encourage you to send us written responses

10. How would our proposals affect leaseholders?
Four areas:
What are the enfranchisement rights?
Who can enfranchise?
How do you enfranchise?
How much will it cost?

11. What are the enfranchisement rights?
Lease extensions
Individual freehold acquisitions
Collective freehold acquisitions
(plus estate enfranchisement)
Right to participate

12. One scheme for houses and flats
Who can enfranchise?
One scheme for houses and flats

13. Single, simplified procedure
How do you enfranchise?
Single, simplified procedure

14. Options for reducing the cost
We are not making proposals for reducing the cost – we are setting out options

15. Options: simple formulae
Two options
Option 1A: ground rent multiplier
Option 1B: percentage of value

16. Other options Option 2A: no marriage value Option 2B: marriage value
Option 2C: current methodology + reforms

17. Further information
Project webpage for residential leasehold and commonhold reform:
leasehold-and-commonhold/ or
“Find a project”
Search “residential leasehold”