Leasehold Reforms in England and Wales Face Delays Due to Legislative Issues
Previous Government's Flaws Cause Holdups, But Commitment to Reform Remains
In England and Wales, significant delays to leasehold reforms are attributed to legislative flaws from previous Conservative government actions.
Housing minister Matthew Pennycook disclosed these delays in the Commons, citing issues with the original legislation by former housing secretary Michael Gove.
Though these reforms were intended to combat the 'feudal' leasehold system, Pennycook assures that the government remains committed to abolishing it before the next election.
Key issues included ambiguous tenant buyout calculations and voting rights for property management.
Current delays have earned mixed reactions from stakeholders, with some welcoming clarity while others, like Harry Scoffin of Free Leaseholders, express frustration.
Despite setbacks, Pennycook promises thorough reforms by Labour, including bans on new leasehold properties and eliminating 'fleecehold' estates, with a draft bill expected next year aiming for a commonhold transition.
Housing minister Matthew Pennycook disclosed these delays in the Commons, citing issues with the original legislation by former housing secretary Michael Gove.
Though these reforms were intended to combat the 'feudal' leasehold system, Pennycook assures that the government remains committed to abolishing it before the next election.
Key issues included ambiguous tenant buyout calculations and voting rights for property management.
Current delays have earned mixed reactions from stakeholders, with some welcoming clarity while others, like Harry Scoffin of Free Leaseholders, express frustration.
Despite setbacks, Pennycook promises thorough reforms by Labour, including bans on new leasehold properties and eliminating 'fleecehold' estates, with a draft bill expected next year aiming for a commonhold transition.
