Government Outlines Leasehold Reforms but Faces Criticism Over Delays

Plans to abolish England's 'feudal' leasehold system progress, but flaws in previous legislation and slow timelines raise concerns for millions of affected homeowners.

• 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.

3 Articles

BBC The Guardian Sky News