The Government has recently announced plans to ban the sales of new leasehold flats in England and Wales.
Currently, when homeowners purchase a flat, they purchase a lease for an agreed number of years and pay additional service charge and ground rent to a landlord or freeholder.
This change will mean that those purchasing flats will go through the ‘common-hold’ system instead.
Featuring in the Daily Mail and This is Money, Partner Lorna Du Sautoy explains when these changes could happen.
The Government's white paper aims to reform the current commonhold framework to make it a "preferred and workable alternative to leasehold"
Lorna Du Sautoy
Partner
The full articles can be accessed on the Daily Mail and This is Money websites.
