Earlier this year, the Government shelved its plans to abolish leasehold in England and Wales, backtracking on its promise to end this feudal system of homeownership.
It has now backtracked even further, abandoning its promise to phase out leasehold by banning the use of leasehold on all new properties. Instead, the ban will only apply to houses – even though 70% of leasehold properties are flats.
The Co-operative Party has long campaigned for leasehold reform: we believe we need to strengthen and promote commonhold alongside co-operative housing tenure, to protect homeowners and renters from unreasonable costs.
Take action now and join our campaign to end the leasehold scandal and give everyone a real say over the places they call home.