Plans to Ban Leasehold Flats

This is a news story, published by BBC, that relates primarily to Katie Kendrick news.

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new leasehold flats

BBC

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Business

Business & Economics

Government to end leasehold flat system with new commonhold plans

Summary

Nutrition label

80% Informative

Proposals to change the law would ban the sale of new leasehold flats.

Under leasehold system, third -party landlords own the building and a leaseholder buys the right to occupy a flat within it for a fixed time period.

Government said it wanted to move to a way of building homes that was more in line with the rest of the world.

But freeholders said leasehold was the "most effective way of managing large complex apartment buildings".

But NLC founder Katie Kendrick said it was "paramount" that those currently living in leasehold buildings were not forgotten. She said: "While focusing on preventing future leasehold abuses is crucial, it's equally vital to address the plight of existing leaseholders currently bound by the inequitable leasehold system. "Commonhold conversion mechanisms are essential to offer an escape route for those trapped." Mr Pennycook said the government would "continue to implement reforms to help millions of leaseholders who are currently suffering". Additional reporting by Jade Thompson.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful