Leasehold, flat new roof £32,000, have to pay in advance

Personally, England and Wales should stop leaseholds, it was a medieval method of the Lord of the Manor and is now the very rich, keeping their claws into hardworking people by not allowing them to own their own bricks and mortar.

It wouldn’t surprise me if these people don’t pay inheritance taxes either because of trusts or off island investments.

The alternative, commonhold, is very complex and never caught on. You obviously don’t understand the system mokryna.

In our case, one of 40 properties interlinked and with communal areas in a grand mansion plus use of 40 acres of wooded parkland. Buying leasehold as part of freehold was a very good thing. We each had use of tennis courts, croquet lawn and all that parkland etc. That could only happen because of the combination of properties

Mokryna, leaseholders can indeed make moves to own their own properties these days but it involves dedicated people to get the ball rolling and a willing group of leaseholders

It was glorious having the 40+ acres of wooded land

Barleyfields. karmalady

I have lived in several common hold flats in France for the last 45 years, there is no problem.

The English/Welsh governments need to get it sorted by introducing new laws stopping the of sale of new leases as and when they come up.

It isn’t that simple. Commonhold was tried and as I have already said it didn’t catch on. It may be different in France but we are not in France. You bought a leasehold flat in the UK and have to live with UK law.

We are still expecting it to be changed Barleyfields. I haven't heard the government row back on their will to do this. However, it certainly is difficult.

Some residential leases are granted for 999 years. How do you expect existing leases to be changed?

Taxed very highly especially through inheritance.
The taxes paid could help build council homes.

Barleyfields

Some residential leases are granted for 999 years. How do you expect existing leases to be changed?

These are not my expectations; they are the government's.

Leasehold reform timeline: What’s going to happen and when. A statement from the government on 21 November 2024, sets out how and when the government will implement parts of the rest of the Act

January 2025: The government removes the two-year restriction on enfranchisement and lease extension claims from the point of property purchase.

Spring 2025: It says it will commence the provisions on the Right to Manage which increase access to the right for leaseholders in mixed-use buildings, alongside reforming costs and voting rights.

Summer 2025: The government will consult on the valuation rates used to calculate the cost of enfranchisement premiums. Parliament will need to approve the secondary legislation that sets out the detail, ‘as well as fixing the Act’s serious flaws in further primary legislation, before implementing the package’.

2025: The government will consult on implementing the Leasehold and Freehold Reform Act’s new consumer protection provisions for homeowners on freehold estates; and on service charges and legal costs and bring these measures into force as quickly as possible afterwards.

Home Owners Alliance