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The Pennycook Statement Nov 2024: One Year On
In this episode of Listen Without Prejudice, Chris Macartney (Partner, Landlord & Tenant) sits down with Mark Chick (Partner, Head of Landlord & Tenant) to review progress one year on from the Leasehold and Freehold Reform Act 2024 (LAFRA) and assess whether the government is keeping its promises.
Following Matthew Pennycook’s November 2024 ministerial statement, eight major consultations were promised to drive reform in the leasehold sector. Chris and Mark revisit those commitments, from right to manage and building insurance commissions to service charges, enfranchisement rates, and commonhold.
As they tick through the list, the conversation reveals where genuine progress has been made and where reform has stalled. With the Arctime Freeholders v Secretary of State case now decided by the High Court, they also discuss what the ruling could mean for the next phase of implementation and what leaseholders and freeholders should be doing now.
This is an essential listen for property professionals, landlords, managing agents, and anyone navigating the evolving leasehold landscape.
Chapter Markers:
(00:00) – Introduction: Setting the scene for the review and the recent High Court decision in Arctime Freeholders v Secretary of State
(01:00) – Revisiting Matthew Pennycook’s 2024 statement and the eight promised consultations
(04:00) – Service Charges and Legal Costs: the ongoing consultation and why landlords’ automatic cost recovery is changing
(05:00) – Enfranchisement Reform: capitalisation and deferment rates; the missing consultation and the judicial review delay
(07:00) – Consumer Protection and Estate Management Charges: integrating rent charges into the service charge framework
(11:00) – Regulation of Managing Agents: calls for greater oversight following poor management practices
(15:00) – The High Court’s Human Rights Ruling: implications for LAFRA’s implementation and what comes next
Useful Links:
Connect with Chris Macartney on LinkedIn
Reach out to Mark Chick on LinkedIn
Visit the Bishop & Sewell Website
View all episodes
By Bishop & SewellIn this episode of Listen Without Prejudice, Chris Macartney (Partner, Landlord & Tenant) sits down with Mark Chick (Partner, Head of Landlord & Tenant) to review progress one year on from the Leasehold and Freehold Reform Act 2024 (LAFRA) and assess whether the government is keeping its promises.
Following Matthew Pennycook’s November 2024 ministerial statement, eight major consultations were promised to drive reform in the leasehold sector. Chris and Mark revisit those commitments, from right to manage and building insurance commissions to service charges, enfranchisement rates, and commonhold.
As they tick through the list, the conversation reveals where genuine progress has been made and where reform has stalled. With the Arctime Freeholders v Secretary of State case now decided by the High Court, they also discuss what the ruling could mean for the next phase of implementation and what leaseholders and freeholders should be doing now.
This is an essential listen for property professionals, landlords, managing agents, and anyone navigating the evolving leasehold landscape.
Chapter Markers:
(00:00) – Introduction: Setting the scene for the review and the recent High Court decision in Arctime Freeholders v Secretary of State
(01:00) – Revisiting Matthew Pennycook’s 2024 statement and the eight promised consultations
(04:00) – Service Charges and Legal Costs: the ongoing consultation and why landlords’ automatic cost recovery is changing
(05:00) – Enfranchisement Reform: capitalisation and deferment rates; the missing consultation and the judicial review delay
(07:00) – Consumer Protection and Estate Management Charges: integrating rent charges into the service charge framework
(11:00) – Regulation of Managing Agents: calls for greater oversight following poor management practices
(15:00) – The High Court’s Human Rights Ruling: implications for LAFRA’s implementation and what comes next
Useful Links:
Connect with Chris Macartney on LinkedIn
Reach out to Mark Chick on LinkedIn
Visit the Bishop & Sewell Website