Ending Leases, Changing Lives: Government to Reform Leasehold System
Ministers have outlined plans to abolish the leasehold system in England and Wales, moving towards a commonhold system where flat-owners own a share of their buildings. The government aims to restore control over homes and reduce "unfair practices and unreasonable costs" faced by landlords. By adopting commonhold, homeowners would have more autonomy over what they pay for maintenance and who they appoint to manage their building.
- The proposed reforms could significantly impact the financial lives of leaseholders like Kasia Tarker, who faces rising service charges that are rendering her home unaffordable.
- Will the government's plans to end leasehold effectively address the root causes of housing insecurity and affordability crises in England and Wales?