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ClimateBook

The leasehold reform act of 2024 is still awaiting implementation. Only something like 10 of the hundred or so provisions have been implemented. Especially important are the unimplemented provisions making it less expensive to extend a lease or buy freehold, caps on the "ground rent,"

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ClimateBook

and increase of the standard term for leasehold extensions from 50 years to 990 years. There are consultations also on abolishing the exploitive leasehold system altogether, but these are proceeding at glacial pace. If Burnham really wanted to do something fast to reduce cost of living and

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ClimateBook

unclog the housing market, he would accelerate leasehold reform. The Guardian has also covered problems caused by the leasehold system, which are clogging the housing market and reducing the supply of entry-level housing www.theguardian.com/money/2026/a...

‘The market is dead’: why aren’t flats in England selling?Figures show most leasehold flats in England do not find a buyer within six months, despite slashed priceswww.theguardian.com