Last week the Department for Communities and Local Government (DCLG) announced they would begin an 8-week consultation and consider a range of measures to tackle unfair and unreasonable abuses of leasehold.
The APPG on Leasehold Reform, which I co-chair, and the Leasehold Knowledge Partnership have campaigned tirelessly on this issue and welcome the announcement. We are pleased about the news from the DCLG that they are to consult on the proposal to ban the building of leasehold houses and the removal of opportunities to produce unfair leasehold ground rent terms on all new build homes.
However, many people will be left worried by the scope of the reforms. The APPG will now look to understand from the Housing Department what their position is on existing homeowners who will not be considered under the terms of the consultation.
If you’ve bought a new-build leasehold house or flat since 2005, please click here to fill in a 5-minute survey. We need help to fight back, your efforts will help us to make the case for reform.