The announcement about banning #leaseholds, and replacing with #commonhold was not on my radar. Sounds like a good idea in news soundbite. Let's see what it looks like in practice...

https://www.bbc.com/news/articles/cvgezyz31jlo

"Calls are mounting to pass the secondary legislation needed to enforce the #Freehold Reform Act 2024, which would ban developers from selling new houses as leaseholds, make it cheaper to extend a lease and increase the standard lease length to 990 years. The new government is also planning further reform with the introduction of the #leasehold and #commonhold reform bill."

#UKpolitics #Housing

https://www.theguardian.com/money/2024/oct/19/property-owners-bills-lease-expire-mortgage

Leasehold needs to be abolished - for flats as well as houses. But houses will be a start.

I'm no Michael Gove fan, but it will be a great achievement, potentially benefiting millions of people, if he gets this through.

One thing though. In a commonhold/shared freehold system, you do have to beware of more dominant owners with more free time becoming mini dictators.

https://www.bbc.co.uk/news/uk-politics-67537218

#leasehold #freehold #sharedfreehold #commonhold #ukpropertylaw

The Guardian view on Tory housing policy: profits ahead of people | Editorial | The Guardian
#Tories
#Housing
#Profits
#ProfitsBeforePeople
#Leasehold
#FeudalRelic
#ArchaicLaws
#Gove
#DowningStreet
#Donors
#Renters
#Exploitation
#Commonhold
#RichElites
#Royalty
#Grenfell
#Mortgage
#ServiceCharges
#SustainableHousingSettlement
https://www.theguardian.com/commentisfree/2023/may/12/the-guardian-view-on-tory-housing-policy-profits-ahead-of-people