Closed consultation

Leasehold enfranchisement valuation rates

From:

Ministry of Housing, Communities and Local Government

Published:

15 July 2026

Last updated:

7 September 2026

Show all updates

7 September 2026
The consultation period has been extended by 4 weeks. The consultation will now close on 21 October 2026.
15 July 2026
First published.

Applies to England and Wales

Summary

This consultation seeks views on prescribing the valuation rates used in leasehold enfranchisement claims under the Leasehold and Freehold Reform Act 2024.

This consultation ran from
2:30pm on 15 July 2026 to 11:59pm on 21 October 2026

Consultation description

The Leasehold and Freehold Reform Act 2024 (LFRA 2024) will make several significant changes to the current statutory enfranchisement processes through which leaseholders can buy the freehold of their property or extend their lease in England and Wales.

The LFRA 2024 will set a Standard Valuation Method for calculating how much the leaseholder must pay to buy the freehold, extend their lease or to buy out their ground rent.

It also provides new powers for the Secretary of State to prescribe the applicable deferment rates and capitalisation rates used in the calculation of the price paid for enfranchisement.

The rates consultation seeks views on exercising the powers to set the deferment and capitalisation rates. It asks questions about different approaches to setting the rates.

The Leasehold Advisory Service has published information for leaseholders about understanding the consultation and how to respond.

We are also consulting on leasehold enfranchisement process costs exceptions.

Documents