Property News · November 30, 2023

Gove’s reform bill will not ban leaseholds on new-build houses after all


Rush to write legislation means clauses to ban the leaseholds will be added via amendmentsMichael Gove’s flagship bill to end leaseholds on newly built houses in England and Wales does not actually end leaseholds on newly built houses in England and Wales, as the key clauses to do so were omitted in a last-minute rush to write it.The housing secretary unveiled his long-promised leasehold reform bill this week, after the government announced it in the king’s speech. Gove has long promised to end what he calls the “feudal” leasehold system, which is unique to England and Wales among developed nations. Continue reading…

Source : theguardian.com
Read more…Gove’s reform bill will not ban leaseholds on new-build houses after all

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