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Government to end leasehold flat system with new commonhold plans

The Labour Party government plans to abolish the leasehold system in England and Wales before the end of the current parliament, affecting 5 million homes.
Matthew Pennycook criticized the leasehold system as unfair, stating that it creates "second-class homeowners" and emphasized the need for change.
He described the proposal to end the leasehold system as "incredibly ambitious," highlighting its potential generational impact.
Pennycook explained that wider reforms are necessary to fully end the feudal system, aiming for commonhold to become the default tenure.

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Sky News UK

Ban on sale new leasehold flats 'to bring feudal system to an end'

A white paper launched on Monday sets out a plan to make commonhold the default tenure when people buy flats.

20 hours ago·United Kingdom

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The Week

The end of leasehold flats

Government plans to ban leasehold flats mark the "beginning of the end" of England and Wales' "feudal" leasehold system, according to Housing Minister Matthew Pennycook.Published today by the Ministry of Housing, the Commonhold White Paper details a series of proposals aimed at giving homeowners more control over their property, including a ban on developers selling new flats under the leasehold system. Instead, new developments will operate und…

21 hours ago·Washington, United States

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Birmingham Mail

England leasehold system set to be abolished - affecting five million homes - Birmingham Live

The Labour Party government Housing Minister has promised to abolish the centuries-old leasehold system in England and Wales before the end of this parliament.

1 day ago·Birmingham, United Kingdom

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BBC News

Outright ban on new leasehold flats moves closer - NewsGroove Uk

Tarah Welsh Housing reporter BBC Leaseholders and some renters currently pay a service charge New leasehold flats in England and Wales are set to be banned under the latest government plans to reform home ownership. Under the current leasehold system, third-party landlords known as freeholders own the building and a leaseholder buys the right to […]

1 day ago·United Kingdom

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