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leasehold reform

Steady2 stories1 sourcesLast updated: 4/29/2026
Related Topicshousing policycommonholdpropertyrenters rights actMatthew PennycookEngland and Walesgovernmentlabour party

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Housing minister says outright leasehold abolition 'almost certainly impossible'
Developing
Politics·4/29/2026AI summary

Housing minister says outright leasehold abolition 'almost certainly impossible'

Housing minister Matthew Pennycook has said outright and immediate abolition of the leasehold system in England and Wales would be 'almost certainly impossible', rejecting accusations the government is dragging its feet on reform. The government will instead 'dismantle' the system before the next election by making it easier for leaseholders to convert to commonhold ownership, banning new leasehold flats and capping ground rents at £250 a year. Critics including the Green Party and campaign group Free Leaseholders have accused Labour of rowing back on election promises.

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BBC UK News
Housing minister says immediate leasehold abolition 'almost certainly impossible'
Developing
Politics·4/29/2026AI summary

Housing minister says immediate leasehold abolition 'almost certainly impossible'

Housing minister Matthew Pennycook has said outright abolition of the leasehold system in England and Wales would be 'almost certainly impossible', rejecting claims the government is rowing back on Labour's election promises. In a speech at the Institute for Government, he said the government would 'dismantle' the system by making it easier for leaseholders to convert to commonhold, but acknowledged the process would take time. The draft bill would ban new leasehold flats and cap ground rents at £250 annually.

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BBC UK News