Leasehold reform is ‘inevitable’

Published on

The Association of Leasehold Enfranchisement Practitioners (ALEP) believes that leasehold reform is higher on the political agenda than it has been in a generation. 

The government has already published its proposals to reform the sector, and a recent Labour Party report now sets out the opposition’s plans for a “New Deal for Leaseholders”. 

Labour’s report, ‘Ending the Scandal – Labour’s new deal for leaseholders’, proposes wide-ranging reforms, which aim to give new rights to leaseholders. A consultation on the proposals which seeks the views of leaseholders and other stakeholders will close on 30 September 2019.

ALEP is a trade association for firms operating in the residential leasehold sector.

Mark Chick, ALEP Director, SAID: “Leasehold reform is higher on the political agenda than it has been for decades; it has become a truly cross-party issue, with both Labour and the Conservatives showing a high level of political interest in the sector.  

“ALEP has been actively involved in all the consultations on leasehold reform to date and we have encouraged our members to provide their expert opinions on the legal and practical aspects of any proposed legislation. 

“There is a growing consensus among our members that some degree of reform to leasehold is now inevitable as it appears that the current government, or any subsequent government, will be very likely to pursue a leasehold reform agenda.  

“Both the government and official opposition have already pledged to ban the sale of new leasehold houses and further proposals are to be expected when the Law Commission reports the findings from its own review, which covers topics including leasehold reform, reinvigorating commonhold and the Right to Manage. 

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Zoopla signs Manchester Super Giants shirt deal

Zoopla has become the first official front-of-shirt partner of Manchester Super Giants for the...

Southwest Knotweed launches identification app

Southwest Knotweed Group has launched an app designed to help mortgage and property professionals...

Broker Conveyancing launches referral hub for advisers

Broker Conveyancing has launched a referral platform intended to make it quicker for mortgage...

House price rise puts mortgage resilience in sharper focus

Homebuyers should consider how they would meet mortgage payments if illness or injury affected...

Simplify’s trust gives £22,500 to nine local charities

The Simplify Charitable Trust has donated £22,500 to nine charities working in communities across...

Latest publication

Other news

Zoopla signs Manchester Super Giants shirt deal

Zoopla has become the first official front-of-shirt partner of Manchester Super Giants for the...

The case for tech fluency before AI adoption in the mutual sector

It often feels like there is only one conversation taking place in financial services...

Southwest Knotweed launches identification app

Southwest Knotweed Group has launched an app designed to help mortgage and property professionals...