Package of reforms to transform the future of home ownership in England and Wales
On July 21st, 2020 published recommendations to transform home ownership for millions of people in England and Wales. Find the full report on Law Commission website: Here
These reforms laid out in three reports:
- Enfranchisement Report – Find out more about the enfranchisement report here.
- Right To Manage Report– Find out more about the Right to Manage report here.
- Commonhold Report– Find out more about the commonhold report here.
The changes work in tandem with planned changes from the Government to create fit-for-purpose home ownership across England and Wales. The Commission’s reforms will lay the foundations for future home ownership to be freehold and tackle some key issues that existing leaseholders currently face.
Professor Nick Hopkins, Commissioner for property law said:
“The leasehold system is not working for millions of homeowners in England and Wales. We have heard how the current law leaves them feeling like they don’t truly own their home.
“Our reforms will make a real difference by giving leaseholders greater control over their homes, offering a cheaper and easier route out of leasehold, and establishing commonhold as the preferred alternative system. The reforms will provide a better deal for leaseholders and make our homes work for us, and not somebody else.”
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