© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
© 2025 News On The Block. All rights reserved.
News on the Block is a trading name of Premier Property Media Ltd.
A new standardised procedure for buying and selling flats will speed up property transactions, and avoid the complications and expensive delays previously experienced by buyers and sellers of leasehold properties.
The Leasehold Property Enquiries Form, or LPE1 is a standardised questionnaire which has been developed and approved by the Law Society, RICS, ARMA, the BPF and the other major trade bodies in the property industry. It will capture in a single format for the first time, information about a property that is held by landlords, management companies and managing agents such as information about ground rent and service charges.
Using the LPE1 form will make it easier for solicitors to advise clients because they will receive information in a standardised and consistent format. It will not be mandatory to use the form but solicitors will get quicker answers by using it, especially if dealing with one of the larger managing agents who have IT systems designed to provide answers based on the LPE1 format.
By creating an approved set of enquiries for leasehold properties, both landlords and managing agents can introduce systems to collate the information safe in the knowledge that both the buyer’s and seller’s conveyancers will accept it.
Consumers will also save money as the additional requests for information will only be required where an issue is revealed which requires further investigation. Move with Us, who also helped create the new LPE1 form, estimate that its use will reduce conveyancing time by 5-10 days.