Overview

• The UK government has committed to abolishing the leasehold system by the end of the current Parliament, making commonhold the default property tenure.
• Delays in implementing reforms are attributed to flaws in earlier legislation, requiring further consultations and legislative fixes to ensure effectiveness.
• Key reforms include banning new leasehold flats, allowing leaseholders to challenge unreasonable service charges, and simplifying processes for extending leases or buying freeholds.
• Campaigners and leaseholders express frustration over the slow pace of change, with some facing financial hardships under the current system.
• Critics highlight the need for urgent action to address ongoing issues, including unregulated managing agents and escalating service charges, which leave many homeowners trapped.