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Mayor demands 999-year leases for AHP shared ownership homes

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Published on: 22 January 2021

Published by LNB News

LNB News 22/01/2021

Document Information

Issue Date: 22 January 2021

Published Date: 22 January 2021

Jurisdiction(s): England

Article summary

The Mayor of London, Sadiq Khan, has set out an expectation for 999-year leases to be the standard for shared ownership homes built as part of the new Affordable Homes Programme (AHP). The purpose would be to improve the standards of homes available to Londoners and protect leaseholders from ‘unreasonably costly and burdensome leasehold extension processes’. While Ministers have announced plans to ‘streamline leaseholders’ ability to extend their leases to 990 years with zero ground rent’, the Mayor believes the objective of protecting leaseholders could also be achieved by adopting longer leases from the start.

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