Leasehold will be abolished for flats under new legislation
News & Market Updates: 26 March 2025
The UK Government plans to abolish leasehold ownership for flats in England and Wales, replacing it with commonhold as the standard form of ownership. Following the Leasehold and Freehold Reform Act (May 2024), which banned leasehold for new houses, the upcoming Leasehold and Commonhold Reform Bill will prohibit new leasehold flats and promote commonhold ownership. Commonhold allows flat owners to collectively manage their buildings, eliminating ground rents and giving them direct control over costs. Property professionals and managing agents will need to adapt to this new system, which changes how flats are owned, managed, and sold.
More Articles: Short Lease
Short Lease Flat: Sell Now or Wait for Reform?
Thinking of selling your flat with a short lease? This guide weighs up the pros and cons of selling now versus waiting for leaseho…
Top 10 Questions: Selling a Short Lease Flat
Selling a short lease flat in the UK can be difficult, especially for first-time sellers or those unfamiliar with leasehold rules.…
10 Costly Mistakes to Avoid When Selling a Short Lease Flat
Discover the top 10 mistakes to avoid when selling a short lease flat in the UK. With tips on pricing, marketing, and attracting t…
Steps to Take When Selling a Short Lease Flat
Selling a short lease flat? Follow the steps outlined in this article to maximise value, attract buyers and ensure a smooth sale.
Selling a Short Lease Flat in the UK
Selling a short lease flat in England and Wales - especially in London - presents unique legal, financial, and practical challenge…
Selling a Short Lease Studio Flat - Options and Next Steps
Struggling to sell a short lease studio flat? Learn how to overcome buyer concerns, improve saleability, and choose the right rout…
Request a no-obligation sale estimate
Get started today - request a free & no-obligation sale price estimate for your flat