Westminster has a Big Money problem.
@HarryScoffin told Parliament that No 10 and the Treasury have been captured by lobbyists — which is why @UKLabour has broken a manifesto promise to leaseholders, dropping @Law_Commission reforms from the new law.
Watch the MPs’ reaction 👇
People are often reluctant to buy flats in England and Wales because of the legal structure that governs them. Leasehold typically places control in the hands of a third-party landlord, who determines the service charges required to maintain the building. If those charges rise sharply, they can significantly undermine the value of what is often the largest purchase of a person’s life.
By contrast, in Scotland flats are generally held under the tenement system, which provides democratic resident control and avoids leasehold landlordism. As a result, flats account for around 45% of the housing stock. In England, where leasehold rules, flats make up less than 25%.
Internationally, most jurisdictions use schemes analogous to commonhold, such as strata title and condominium ownership. England and Wales are the outliers, persisting with a wealth-eroding leasehold system in which outside investors retain the whip hand, reducing flat owners to the legal status of tenants.
Thank you so much, Karl. Matthew Pennycook was so promising in opposition, but appears to have been captured by vested interests. Endless whining about complexity, rowing back on the promised Law Commission reforms, and constant foot-dragging. Andy Burnham must move him on.
“Most leaseholders are burnt out. It’s hard to have any faith that anything is going to change,”
A £208k bill. Nine years fighting. Now more defects, more costs and a year forced out of their homes.
@mhclg still making buildings half safe & forcing innocent leaseholders to pay.
As we bring the feudal leasehold system to an end and move towards a commonhold future, we won’t leave existing leaseholders behind.
Today, we’re setting out the next phase of the implementation of the Leasehold and Freehold Reform Act 2024 👇🏻
https://t.co/DdPyPuXIJH
Promises made, promises not kept.
Our update on the building safety crisis: where we are, and what @UKLabour still needs to change ⬇️
https://t.co/wT6ESCc4xp
People are often reluctant to buy flats in England and Wales because of the legal structure that governs them. Leasehold typically places control in the hands of a third-party landlord, who determines the service charges required to maintain the building. If those charges rise sharply, they can significantly undermine the value of what is often the largest purchase of a person’s life.
By contrast, in Scotland flats are generally held under the tenement system, which provides democratic resident control and avoids leasehold landlordism. As a result, flats account for around 45% of the housing stock. In England, where leasehold rules, flats make up less than 25%.
Internationally, most jurisdictions use schemes analogous to commonhold, such as strata title and condominium ownership. England and Wales are the outliers, persisting with a wealth-eroding leasehold system in which outside investors retain the whip hand, reducing flat owners to the legal status of tenants.
We refuse to live as serfs in a regime where unproductive, unaccountable landowners siphon off the fruits of our labour. When the reckoning comes, it will not be polite, nor will it spare those who mistook looting and human misery for a business model.
8 YEARS after the Grenfell tragedy the *construction industry* are still unable to demonstrate how buildings are safe. ❌
When you hear the Housing Secretary say 'build, baby, build', remember this: they're just building the next building safety crisis.