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Housing Tenure

Volume 451: debated on Wednesday 8 November 2006

To ask the Minister of State, Department for Constitutional Affairs what assessment she has made of the reasons for the rate of take-up of commonhold in new residential developments since 2002. (99629)

On 2 November 2006, there were 11 commonholds registered at Land Registry: 10 in England and one in Wales. These comprise 115 units. 46 residential units have been transferred to unit-holders. In December 2005, a developer announced proposals for a £500 million mixed-use commonhold, including up to 2,000 homes.

The Government have consulted with stakeholders to identify the key contributing factors to the slow rate of take-up. As a result of this work, the Government intend to put forward proposals to make commonhold more suitable for use in larger and mixed-use developments. We intend to publish a consultation paper later this year, which will include proposals for the provision of shared ownership and for more flexible management arrangements.