Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government what assessment they have made of the effectiveness of the leasehold property system and what plans they have to reform it; and what assessment they have made of the case for making commonhold the primary model of ownership for flats in England and Wales.
As set out in my Written Ministerial Statement of 21 November 2024, for far too many leaseholders, the reality of home ownership has fallen woefully short of the dream. As set out in our manifesto, we are determined to bring the feudal leasehold system to an end, reinvigorate commonhold and take the first steps towards making it the default tenure by the end of this Parliament.
Draft legislation and a consultation on the best approach to banning new leasehold flats will be published later this year.