Tag #Commonhold

What are the immediate consequences of the planned ban on new leasehold flats in England and Wales?

The UK government plans to ban the sale of new leasehold flats in England and Wales, aiming to transition to a commonhold system where homeowners own a share of their building. This follows reports of unfair service charge increases burdening leaseholders. Leaseholders currently have limited control over costs and maintenance, leading to financial distress for many.