24th April 2019
Walker Morris has monitored and periodically reported on the Government’s review of perceived unfairness within the leasehold market and the potential reinvigoration of commonhold as an alternative to leasehold ownership . On 19 March 2019 the Housing Communities and Local Government Committee (HCLGC) published a report which offers wide-ranging and ground-breaking recommendations which aim to redress the balance in favour of leaseholders and could completely overhaul a significant proportion of residential ownership within England and Wales.
It is anticipated that the Government will respond shortly. Walker Morris will continue to report on the progress of the leasehold market review – including whether/when any proposals will be implemented. In the meantime, some of HCLGC’s suggestions for change are so extensive that interested parties – including land owners, housebuilders/developers, Local Authorities/social housing providers, conveyancing solicitors, managing agents and leaseholders themselves – would be well-advised to consider how the proposals might affect them.
Some of the key recommendations are summarised below.
For further information or advice on how HCLGC’s proposals may affect you, please do not hesitate to contact any of Walker Morris’ Housing and Real Estate experts.
 See our earlier briefings for more detailed background information: https://www.walkermorris.co.uk/publications/newsflash-government-response-leasehold-market-review/; and https://www.walkermorris.co.uk/publications/consultation-on-commonhold/
 with a threshold of £10,000 per leaseholder
 unless the leaseholder has behaved unreasonably
 See our earlier briefing for further information: https://www.walkermorris.co.uk/publications/real-estate-matters-august-2015/the-end-of-forfeiture/