Leasehold Reform Bill is given Royal Assent - Barry Gardiner MP - LBC - 25/05/24 

Chattel

Retirement properties are the worst of the worst in the Leasehold world & these developers wanted exemption from the current reforms.

There is a housing shortage

@@Chillednfunked So people should be forced into buying these horrible leasehold properties and get ripped off by these unscrupulous freeholders, charging the earth for ground rent and service charges. People shoud stop buying them altogether. Its a racket. These people are gangsters. Its theft

Try buying a flat without leasehold.

I have heard that marriage value is being abolished.

Great news about the marriage value. The Bill may still not come in until 2025/26 though?

A watered down bill wow

@@Chillednfunked one thing missing is ground rent, the least important of all of the parts imo.

Lovey dovey govey is dead easy to unpick. Basically anything he says will happen you know it won't! Glad this parasite is standing down at long last❤

….not backstabbing Boris then?

Literally not true.

I do not agree with Barry Gardiner politically, but on this subject he is totally correct. The only place in the world where you buy a property & don’t actually own it. The flat owners need to have control over their own properties.

I agree in respect of your comment about buying a property, basically however its the land and outer shell of the building which you do not own - hence ground rent. There are undoubtedly some leases which should be explained in more detail by solicitors to the buyer - most buyers do not understand the full implications of a lease - then why should they? that is why you have a solicitor, the number of times I come across leaseholders who do not have a clue to what they have signed is very worrying - going back onto the leases that increase and often double periodically - particularly on new properties, it does allow the developer to sell the properties at a lower price and the actual cost is reclaimed by way of ground rent over a period - understandably the developer needs interest on the loan that he has made as well as lost profit etc - This subject is very deep and needs longer than a couple of lines, suffice to say that in principal I don't disagree with your view that owners need control over the property they have bought, however you can always buy the freehold if you and a number of other flat owners group together to do just this. You would need the advice of a specialist surveyor for this but you can get basic guidance from various government sources - google lease enfranchisement

@@dahb1945 , This type of ownership does not belong in the 21st century, all other countries manage it. Let people own their flats in perpetuity no lease extensions & the owners to be in charge of the maintenance etc. The freeholders can invest in other things such as stocks & shares.

Well why shouldn’t he, Labour will be in power soon so it’s good to hear.

​@@dahb1945sorry mate, could you explain the concept in clear, concise and coherent terms please? Am struggling to work out why this is such a complicated issue, surely it should be the job of the state to make things as easy as possible for everyone.

Barry Gardner is absolutely correct about ground rents. Where he is wrong is the abolishment of leasehold that potentially works for flats. It's the irresponsible estate managers who require being held to account and the offshore freehold ground rent collectors who should be held to account by tough legislation that means they are liable for poor service by fine or loss of ability to operate in business. THE DAYS OF SECOND RATE LEASEHOLD SYSTEMS IS NEARING THE END.

@@AB-mj9uwhope you are correct..