Leasehold ban in England and Wales unlikely before next general election, minister says
Summary
The UK government says it will take several years before a ban on new leasehold property sales in England and Wales is fully applied. Housing minister Matthew Pennycook explained that ending leasehold slowly is needed to avoid problems with housing supply and legal issues.Key Facts
- A ban on new leasehold houses was passed in 2024.
- The government plans to pass a similar ban on new flats soon.
- Leasehold is a system where people buy the right to live in a property for a long time but do not own the land.
- Leaseholders have complained about high service charges and property problems.
- The government wants to switch from leasehold to commonhold, where owners share control of buildings.
- The ban is unlikely to be active before the next UK general election.
- The government is consulting on when to officially start the ban to ensure a smooth transition.
- Critics say the government is delaying the promised end of leasehold and this causes more housing issues.
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