Big News for Homeowners in England & Wales!

The government has pledged to abolish the centuries-old leasehold system before the end of this parliament. This major overhaul aims to give homeowners more control and put an end to excessive service charges and mismanagement by freeholders.

What’s Changing?

✅ End of Leasehold: A ban on new flats being sold under the controversial system.

✅ Commonhold as the Future: Homeowners will be able to jointly own and manage their buildings.

✅ Stronger Protections: New rules to prevent unfair charges and improve building maintenance.

Why Now?

Leaseholders have long complained about high fees, poor building conditions, and limited rights. Housing Minister Matthew Pennycook calls the current system “feudal and unfair.” He assures that these reforms will have a lasting generational impact on homeowners.

What’s Next?

• A white paper will be released on Monday, March 3, 2025, outlining the government’s proposals.

• Later this year, a Leasehold Reform Bill will be introduced to make these changes official.

• Commonhold ownership will become the default for new developments.