Labour Changing Leasehold to Commonhold for New Deals
 

Not Scotland


[Sale of new leasehold flats to be banned under
Labour plan to end 'feudal' system]


The Government has said it will ban the sale
of new leasehold flats in England and Wales.

Housing minister Matthew Pennycook
described the system as 'feudal' while
announcing plans to move to the
commonhold system, which is already
standard for apartment owners in Scotland
and other parts of the world.

There are around 5million leaseholders in
England and Wales, most of whom
live in flats – though there are leasehold
houses which are often on managed estates.]



https://www.thisismoney.co.uk/money/...ment-plan.html