MPs set out blueprint for leasehold reform

Commonhold should be the "preferred alternative" to leasehold, says the Law Commission in a series of three important reports that outline how to create "a better deal for leaseholders and make our homes…

Reforms to the leasehold system will include setting ground rents on new long leases to zero, and making it easier for leaseholders to buy-out freeholds.

Proposed policy overhaul aims 'to provide a better deal for leaseholders who want to purchase the freehold or to extend the lease of their home', while reducing legal costs and helping to prevent unnecessary…