updated on 02 January 2018
Communities secretary Sajid Javid has promised new legislation to outlaw unfair and abusive practices within the leasehold system, including a ban on leaseholds for almost all new-build houses.
The current system often traps first-time buyers and elderly people in unsellable homes, and such unfair arrangements have been described as “feudal” in nature. As The Law Gazette reports, the government has promised measures to:
The news has been welcomed by campaigners, while the Law Society has said that it will contribute to the Law Commission’s review of residential leasehold law.