Labour’s new leasehold reforms mark a once-in-a-generation change that will save millions of homeowners money and put power back where it belongs: with residents.
Here’s what this means for our local members and supporters:
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Ground rents capped at £250 a year, with most dropping to £0 after 40 years – no more spiralling, unfair charges.
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New leasehold flats banned – future flats will be sold as commonhold, so you truly own your home and run the building with your neighbours.
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Existing leaseholders can switch to commonhold, so no one is left behind.
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No more losing your home over tiny debts – the outdated forfeiture system is being scrapped.
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Clearer, fairer service charges, with stronger rights to challenge rip-off fees.
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Crackdown on ‘fleecehold’ estate charges, giving freehold homeowners more protection and control.
This is Labour delivering real reform: fairer home ownership, lower costs, and an end to exploitative practices that have gone on for far too long.