§ Mr. Wheelerasked the Secretary of State for the Environment what are the rateable value limits of the Leasehold Reform Act 1967, as amended by the Housing Act 1974; what representations he has received about the Greater London limit; and if he will estimate what they would be if revised in line with inflation to 1983.
§ Sir George YoungThe rateable value limits for leasehold enfranchisement since the Housing Act 1974 are £1,500 in Greater London and £750 elsewhere for leases granted on or before 18 February 1966; for leases granted 441W after that date the corresponding figures are £1,000 and £500 respectively. We have received about 30 letters about the limits in Greater London over the past three years. The limits would have had to be increased by a factor of about three and a quarter to keep in line with the RPI between 1974 and 1983; as however there has been no general rating revaluation since 1974, an adjustment on that basis is not appropriate.