The Independent outlines a significant policy shift by the UK government, where Housing Minister Matthew Pennycook has promised to abolish the leasehold system in England and Wales before the next general election. To enhance homeowner control, the sale of new leasehold flats will be banned, and commonhold will become the default tenure. This reform addresses long-standing complaints from leaseholders about excessive costs and deteriorating conditions, fulfilling Labour's manifesto pledge to abolish what has been viewed as a feudal system of property ownership.
The housing minister has vowed to end the centuries-old leasehold system in England and Wales by banning new leasehold flats and promoting commonhold as the default tenure.
Complaints from leaseholders about crippling costs and deteriorating buildings have prompted government action, aimed at giving homeowners greater control over their properties.
Matthew Pennycook emphasized that homeowners have endured unfair practices for too long, marking a significant step towards ending the feudal system with new proposals.
The proposed changes reflect Labour's manifesto promise and highlight the government's commitment to abolishing third-party landlord control over leasehold properties.
Collection
[
|
...
]