Leaseholders to own their own buildings under government proposals

Leaseholders in England and Wales could find it easier and cheaper to buy the freehold of their building under new proposals to create a fairer housing system.

A government consultation has opened to look at proposals that could make it cheaper and easier for leaseholders to buy the freeholds of their homes. The consultation follows the reset of government approach to building safety, and forms part of the reforms to property law.

As part of a consultation, homeowners and the housing industry are being invited to give their views on proposals from the Department for Levelling Up, Housing and Communities to allow more leaseholders in mixed-use buildings to take control and ownership of their building.

See: Reforming the leasehold and commonhold systems in England and Wales - GOV.UK (www.gov.uk)