Oral question asked in the House of Lords, by Baroness Scott of Needham Market (Liberal Democrat). It was answered on Tuesday, 22 November 2005.

Commonhold

Question: My Lords, does the noble Lord agree that it was inevitable under this system that developers of new properties would not bring properties forward under commonhold given that, by retaining the lease system, they keep for themselves ground rent, service charges and the option to sell the freehold later? Should that not have been foreseen from the outset?

Answer: My Lords, I am not sure I can agree that it should have been foreseen from the outset. However, the noble Baroness has raised a number of issues which will have to be looked at as we investigate whether we need to review this. I shall put in the Library the transcript of the ““Moneybox”” programme which, although the Government do not agree with some of the conclusions, discusses all the possible impediments to what is, for us and I think for the Opposition, an important piece of legislation.

Secondary information

Type: Oral question
Reference: 675 c1497
Session: 2005-06
Oral question type: Supplementary
Chamber / Committee: House of Lords chamber
Related items: Deposited Paper HDEP 2005/576
Tuesday, 22 November 2005
Deposited papers
House of Lords
Subjects: Commonhold Registration Social rented housing Take-up
Legislation: Commonhold and Leasehold Reform Act 2002
Link: View this Oral question on www.publications.parliament.uk