Long-Leasehold needs to be changed to Commonhold for EXISTING and NEW homes.
This feudal-based system is expensive, inefficient, outdated and unjust - many Tories have been trying to block changes for more than 100 Years!
One of the great things about the campaign for leaseholder liberation is that you always have surprises.
Some good, some bad.
@ShaunBaileyUK destroying Forfeiture and the moral and economic basis for leasehold in the Lords yesterday is a classic.
The Earl of Lytton will be tabling a range of leasehold reform and building safety amendments in the House of Lords after Easter.
The most comprehensive of these for building safety remains the https://t.co/6mb7YFFbg3 consumer protection legislation covering every leaseholder in the country against historic and ongoing remediation costs without the need of taking a builder to court.
The Earl of Lytton summarises how this ground breaking legislation works in the video below.
Drafted by Daniel Greenberg CB @DgLimited and backed by Grenfell Inquiry construction counsel @drfsawtell, @TedBaillieu, @PropertymarkUK, @thetimes, @NRLAssociation and many others... It is vital on this seventh attempt the government implements this vital legislation after Easter.
@KemiBadenoch@Lee4NED Pay attention Kemi. This is just political posturing.
Your party voted against every amendment targeting those monopolies and rent-seekers. You also voted against the abolition of forfeiture.
@KemiBadenoch@Lee4NED Nonsense! @KemiBadenoch the Bill just further strengthens the monopoly position of Managing Agents. By only increasing the RTM non-residential limit to 50% thousands of leaseholders in mixed use buildings where the residential part is <50% will remain trapped. My building is 48%
@KemiBadenoch@Lee4NED Did your party vote to KEEP forfeiture? Used by rent-seekers to keep leaseholders enslaved.
Did you vote repeatedly to protect rent-seekers from fixing their dangerous bldgs while also voting to make innocent leaseholders pay for the #BuildingSafetyCrisis?
Answer to both is YES.
@KemiBadenoch@Lee4NED Leasehold and commonhold reform is exactly the sort of agenda a self-confident and no-nonsense Conservative Party should be pursuing. Allowing more people to genuinely own their own home is a project in popular capitalism. Political benefits will follow if done properly!
The Earl of Lytton's https://t.co/6mb7YFFbg3 brings in much needed consumer protection for blocks of flats and protects 1.7million leaseholders permanently excluded from protection from ruinous costs if their flats have building safety defects.
Now that's the kind of legislation a party on the brink of collapse should be pushing.
Thank you so much for your support. But the Bill needs to go much further. Share of Freehold for all new flats, abolition of forfeiture, end of structural dependency rules. Please help us get to a leasehold-free world. Future generations need it if Tories r to survive
Imagine the injustice of being forced to pay tens of thousands of pounds to fix defective blocks of flats because the construction industry cut corners!
1.7 million could find themselves in this position, if their flats have defects, because the government deliberately excluded them in primary legislation, the Building Safety Act, 2022.
We need consumer protection for blocks of flats because the construction industry will always cut corners unless they are made permanently liable for putting defects right.
Sign our petition to here https://t.co/sGkHs7csVa
The Earl of Lytton's consumer protection for buildings legislation is available here https://t.co/6mb7YFFbg3
Giving people more freedom, choice & power is at the heart of being a conservative
And that's exactly why we are reforming leasehold and freehold estates - stopping monopolies, reforming bad practice and removing rent-seeking
The conservative case for reform is overwhelming:
It is why govt must go further with the Bill in the Lords. Let us not miss this once in a generation opportunity to end the playing of Normans and Saxons with people’s homes. The first law on leasehold in 22 years needs to at least abolish forfeiture, the tool of extortionists.