The Leasehold and Freehold Reform Bill is a government bill. It was first introduced in the House of Commons and completed its stages in that House on 27 February 2024. It is scheduled to receive its second reading in the House of Lords on 27 March 2024.

The purpose of the bill is to “make long-term changes to homeownership for millions of leaseholders” in England and Wales. It is the second part of the government’s legislative package to reform English and Welsh property law. It follows on from the Leasehold Reform (Ground Rent) Act 2022, which put an end to ground rents for most new long residential leasehold properties in England and Wales. The latest bill would:

  • ban new residential leasehold houses
  • make it cheaper and easier for existing leaseholders in houses and flats to extend their lease or buy their freehold; and increase the standard lease extension term from 90 years to 990 years for houses and flats
  • require greater transparency of service and administrative charges and replace buildings insurance commissions with transparent administration fees
  • scrap the presumption for leaseholders to pay landlords’ legal costs
  • grant freeholders on private and mixed tenure estates the same rights of redress as leaseholders
  • require freeholders who manage their property to belong to a redress scheme
  • amend the Building Safety Act 2022 to further protect leaseholders

Related posts

  • Supply of affordable housing

    Affordable housing accounted for 27 percent of all new additions to the housing stock in England in 2022/23. In recent years, the government has introduced several initiatives to increase the supply of affordable housing. This includes launching the first homes scheme, which seeks to assist first-time buyers and key workers in purchasing properties at discounted rates. However, some housing stakeholders have called on the government to provide further funding towards the construction of affordable homes.

    Supply of affordable housing
  • Housing needs of young people

    The number of young adults who own a home in the UK has fallen in recent decades. More families in England and Wales had adult children living with them in 2021 compared to 10 years earlier. Barriers to home ownership included increased property prices relative to incomes. Think tanks have considered whether alternative housing policies would help more young people get onto the property ladder. The government has also introduced various schemes aimed at supporting home ownership.

    Housing needs of young people