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<p>The Secretary of State held a roundtable meeting in November in which he made clear
to developers that greater support must be made available to existing leaseholders
with onerous lease terms. Some developers have introduced schemes to assist individuals
with onerous leases which is welcome, but these must be extended to include second
hand buyers. We are keeping a close eye on progress and will consider taking further
action if necessary.</p><p>We are also working with the Law Commission to support
existing leaseholders. The Law Commission’s consultation on making buying a freehold
or extending a lease easier, faster, fairer and cheaper, which closed on 7 January,
included proposals for a prescribed formula for costs.</p>
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