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EDM (Early Day Motion) 726: tabled on 24 November 2016

Tabled in the 2016-17 session.

This motion has been signed by 2 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House believes that, in determining the price for a residential lease extension, relativity, which is the ratio of leasehold value without rights to freehold value, should be set according to empirical evidence untainted by the effects of the 1993 Leasehold Reform, Housing and Urban Development Act 1993 and untainted by most existing relativity graphs; further believes that injustice to leaseholders is perpetuated in the current situation by relying upon relativity graphs which have no pre-1993 market evidence and lack robust methodology; declares that the current situation is not in the public interest and that it means leaseholders are overpaying for their lease extensions by thousands, and often tens of thousands, of pounds; and calls on the Government to end this injustice to millions of leaseholders.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

There are no withdrawn signatures for this motion.