As part the Law Commission’s plans to reform residential leasehold law it is considering ways to simply the enfranchisement procedure and, as part of its considerations, the sale of houses on a leasehold basis has come under particular scrutiny.
Key issues it has identified is the criticism that the sale of houses on a leasehold basis occurs because developers wish to extract an additional profit from homeowners by retaining the freehold and extracting a “ground rent”.
In recognition of this and in advance of its proposals for a new enfranchisement regime (due to be published in September 2018) the Law Commission has published a report summarising its proposed solutions for leaseholders of houses specifically.
A link to the full report can be found here
These are the main proposals put forward:
We are monitoring developments as they occur.
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