Housing minister Lucy Frazer amid the leaseholders: Sir Peter Bottomley MP and Martin Boyd, LKP chair
But will the government unravel before implementation?
By Sebastian O’Kelly
For the first time in the ten-year struggle of the Leasehold Knowledge Partnership we have in Lucy Frazer KC a housing minister who seems to understand at the outset leasehold’s injustices and how legal stratagems invariably keep freeholders coming out on top.
The Metropolitan and Thames Valley Housing Association is not collecting ground rents, or ratcheting up marriage values on shorter leases and all lease extensions will be 990 years where it owns the freeholds.
These undertakings were made clear by Tim Millns, MTVH’s director of central customer services, to MPs at the All-Party Parliamentary Group on leasehold and commonhold reform on December 12.
Metropolitan has 58,000 homes under management including more than 9,000 shared owners – one of the highest proportions in the country and 7,800 leasehold and freehold property owners.