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TODAY'S OTHER NEWS

Highly anticipated report into Leasehold Reform to be published today

The Housing, Communities and Local Government Committee is due to publish its report into Leasehold Reform today, which is designed to examine progress made on leasehold reform, following the conclusion of the government’s consultation on tackling unfair practices in the leasehold market in 2017.

The government has already acknowledged that the leasehold system is not working in consumers’ best interests, and so many homeowners, including buy-to-let landlords, will be looking forward to seeing what is proposed.

Leasehold reform campaigner Louie Burns, managing director of enfranchisement specialists Leasehold Solutions, said: “This report from the select committee is welcome news indeed, as it suggests numerous recommendations that will improve the circumstances of leaseholders affected by the profound failures in the leasehold market. 

“For years we have been calling for reforms that will limit ground rents, tackle unfair service charges and permission fees, outlaw the sale of leasehold houses and the mis-selling of leasehold properties, and address the systemic imbalances of power that have favoured freeholders’ interests for far too long. 

“We urge the government to look at the committee’s very sensible recommendations and enact legislation that will end the exploitation of leaseholders and fulfil its promise to create a system that works for consumers.”

Poll: Is it time to reform the leasehold system?

PLACE YOUR VOTE BELOW

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    On occasions I have looked at leasehold properties, but on reading the lease have always been put off, when I buy something I own it, so it's freehold for me every time.

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    I agree Andrew, I have looked at some great deals, however as soon as you factor the lease conditions they aren’t that great any longer

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