Skip to toolbar

May 30, 2020

Leasehold sector is 63% larger than anyone thought, says DCLG – accepting LKP figures

Following consideration of LKP data, the government has today accepted that that the leasehold sector is far larger than was thought: there are 4.1 million leasehold properties in the private sector in England.

This is a 63 per cent increase on previous estimates of 2.5 million.

“The Leasehold Knowledge Partnership has been working with DCLG on the new data methodology,” said the DCLG. “We see this as a very positive example of partnership working and builds on the work done by LKP.”

Our figures were the result of research by LKP co-director Martin Boyd.

Over the last six months LKP has been working with DCLG on the new data methodology to assess the size of the leasehold sector.

This work builds in part from the report published by LKP earlier this year that looked to provide the first robust set of data on the size and structure of the sector.

For years the sector has worked with inaccurate data and there are many implications following on from DCLG’s new figures.

As a result of the figures, leasehold is suddenly accepted as a much larger proportion of the UK housing stock. That in turn will impact on housing strategy and DCLG thinking on leasehold issues.

LKP will continue to develop our work on the size of the sector that uses a different but compatible methodology to that being used by DCLG. Our figures now very closely match those from DCLG in the private sector in England.

We will continue to research additional data on the number of flats in the social sector, as well as those properties in Wales.

Our initial figure published earlier this year produced a total of 5.37 million flats. This will now grow to include leasehold houses found in the DCLG data.

The LKP new estimate now suggests a total of 6.6 million flats and leasehold houses in England and Wales across both the private and social sector.

It is perhaps indicative of complacency at all levels in the leasehold sector that the revised figures were prompted by a minnow organisation of volunteers, rather than the well-funded trade bodies, professional property management institutes or, indeed, the Leasehold Advisory Service.

“This is an indication of how far the LKP / Campaign against retirement leasehold exploitation movement has come,” says Sebastian O’Kelly, of Campaign against retirement leasehold exploitation / LKP. “It is encouraging that thoughtful civil servants and politicians have applied themselves to address these issues.

“It is depressing that professional bodies such as the IRPM are still trying hard to muddy the waters, and pretending that – for example – residents in retirement leasehold have experienced ‘bullying’ by their neighbours into joining right to manage applications.

“It is pathetic that this has been raised as a significant and noteworthy point with the Competition and Markets Authority.”

Curiously, one of the first to notice that leasehold has suddenly grown is freeholders’ barrister Justin Bates.

Bates was quick off the mark to see the potential for a few bob Tweeting that “and all 4.1 million need their own copy of his book entitled [REDACTED …] available from [REDACTED …] ….”

Comments

  1. Michael Epstein says

    Having recently purchased some new trousers, i too have had to accept my waist measurement was 63% larger than had been accepted.

  2. A Reviewer says

    Hi

    Well fortunately it [Justin Bates’s book] is not a bestseller and unavailable on “fantastic fiction”. Actually co-authored with Francis Davey first published in 2008, revised recently. Possible cheaper to email LKP …. and more likely to result in decent advice.

    Happy Reading

  3. Hi Reviewer,

    I found a copy of the Justin Bates Book in a Red Cross Book Shop, they paid me Two Pounds to remove it and find a good home/flat for it to stay in.

    I sent it to Peverel Retirements, Customer Services Complaints Office, for the attention of Janet Entwistle, knowing it would never again, see the light of day.

  4. Michael Epstein says

    Chas,
    It sounds like the two pounds the Red Cross paid you to take Justin Bates’s was infact an “Exit Fee”