Long-awaited legislation to abolish England's "feudal" leasehold property system will be published in the second half of next year, the government has confirmed in a major update for the millions of people affected.

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Financial Times

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Rushed UK leaseholder law contains ‘flaws’, ministers warn

Campaigners say the overhaul is welcome but will not come fast enough to help existing leaseholds.

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Leasehold reforms set out amid concerns over delays

The government has finally published a timeline for when it will abolish the leasehold system - but while the news has been welcome by some, others say it's too little too late.

Sky News UK

Roberts family

'Millions remain trapped': Leaseholders still 'cash cows' despite update on abolishing 'feudal' system

The Leasehold and Freehold Reform Act 2024 was rushed through parliament in the dying days of the Conservative government, but has been put on ice

Birmingham Mail

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Martin Lewis rages at politicians over messy issue leaving homeowners poorer

Need to correct errors in bill passed before election will push reforms back by more than a year

Nikkei Inc.

In a Written Ministerial Statement (WMS), housing minister Matthew Pennycook gave the first details of how quickly Labour intend to axe the controversial form of homeownership, as promised in their manifesto. Politics Live: PM and defence secretary issue warnings over Ukraine war The minister said there will be a consultation and white paper early next year to get the plan in motion, with the aim to make commonhold “the default tenure” by the en…

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'Millions Remain Trapped': Leaseholders Still 'cash Cows' Despite Update On Abolishing 'feudal' System - Great Yorkshire Radio

Inheritance tax remains 'an absolute cash cow for the government' - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.

Property Industry Eye

Inheritance tax remains 'an absolute cash cow for the government' - Property Industry Eye

The “feudal” leasehold system in England and Wales will be overhauled by the end of the current Parliament, the government has announced, as campaigners raise concerns about delays. Millions of leaseholders currently own the right to use their property for a period of time and can pay hundreds in annual ground rent to a freeholder – on top of separate service charges. Announcing a new timetable for reform, Housing Minister Matthew Pennycook said…

uk-times.com

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK has been forced to delay new leaseholder rules after ministers discovered “flaws” in a bill that was rushed through parliament before July’s snap general election.  Flagship measures, which include making it cheaper and […]

Sky News: The Latest News from the World

Rushed UK leaseholder law contains ‘flaws’, ministers warn – Sky News: The Latest News from the World

Minister of State for Housing and Planning Matthew Pennycook has published a written statement on the government's progress on leasehold reform

'Millions remain trapped': Leaseholders still 'cash cows' despite update on abolishing 'feudal' system

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