Leasehold reform

Rushed-through Act is 'far from perfect, but it is the start of reform to outdated legislation that was not fit for purpose,' says Propertymark.

The Housing Ministry is said to be facing 'fierce resistance from the Treasury' over a proposal to set ground rents at peppercorn rates.

New laws promising 'significant new rights and protections' for leaseholders could be in play before the next General Election.

Leasehold reform proposals 'come with large unforeseen consequences regarding affordability and pricing within the leasehold market,' warns Knight Frank.

Michael Gove wants opinions on how best to change the ground rent system 'so leaseholders are not exploited any longer and can take back control of their own destiny.'

Michael Gove's new Leasehold Bill could mean all new houses must be sold as freeholds.

Michael Gove said earlier this year that the 'feudal' leasehold system 'needs to go' - but a complete overhaul now looks unlikely.

Housing secretary Michael Gove is bringing forward plans to reform England's "outdated" leasehold system

"This is an important milestone in our work to fix the leasehold system and to level up home ownership," says the Leasehold Minister, Lord Stephen Greenhalgh.

"The current leasehold system is outdated, unbalanced and broken and we are determined to fix it," says Leasehold Minister, Lord Stephen Greenhalgh.

It is often said that more books have been written about commonhold than actual commonholds have been created; the key problem is confidence, says Robert Barham, but there are a couple of obvious places…

Housing Secretary Robert Jenrick has described the push towards Commonhold as part of "the biggest reforms to English property law for 40 years."