Leasehold is the main form of tenure for people who own their own homes, but it operates on a feudal model which is outdated and no longer fit for purpose. Our leasehold system denies leaseholders control over what happens in the buildings in which they live, and leaves them exposed to catastrophic costs with little recourse to redress when things go wrong. The Tories have dithered and delayed for years and have failed to bring forward the reforms that are needed.
It has been clear for years that reform is needed and successive Housing Secretaries have promised reform without taking any action. Today, Labour forced a vote in Parliament calling on the government to implement the urgently needed changes as recommended by the Law Commission including ending the sale of new private leasehold homes and a crackdown on unfair fees and contract terms.
You can see my speech from the debate, including calling for action to support leaseholders on district heating networks, here>>