An article of mine has just been published by Leasehold Knowledge Partnership, which campaigns for a better deal for leaseholders. The introduction is by Seb O’Kelly, in his inimitable style (he used to be a journalist at the Daily Mail). The point of the article is that the deferment rate used to value equity release mortgages is the same as the rate which would in theory be used to value a leasehold extension. Lower rates favour landlords, higher rates favour leaseholders. The PRA seems not to have spotted the connection between the two political issues. In coming in with an apparently unevidenced 2%, they are imposing a valuation model that affects the interests of a whole bunch of people that they haven’t so far consulted. Now is the time. If you think you may be affected, write to the CP (CP13_18@bankofengland.co.uk), asking for the PRA to make its thinking clearer, and for a place at the table, if you wish.