Commitment to the Leasehold and Freehold Reform Act 2024
Future developments
Matthew Pennycook MP outlined in a House of Commons debate that the UK Government will move quickly to enact the remaining Law Commission recommendations regarding:
We welcome this commitment but understand that implementing the recommendations will be complex and require secondary legislation to outline finer details. We will continue campaigning for greater transparency around timescales and provide an update to members when we know more.
Unsafe cladding linked to higher insurance rates in new government survey
New research covering more than 2,000 buildings in remediation programmes in England and Wales shows that insurance rates remain higher where flammable cladding or other external defects are present. The findings reinforce our call for faster remediation, transparent pricing, and premiums that respond when building risks are reduced.
Leasehold research
For almost a decade, Propertymark has been documenting the impact of leasehold on homeowners and the property market. Through a series of research reports, we have tracked the progress of reform, examined the experiences of leaseholders and property professionals, and highlighted the barriers that continue to affect the buying, selling and management of leasehold homes.
Leasehold: Still a life sentence?
Our latest report, Leasehold: Still a life sentence?, shows that despite legislative change, many leaseholders remain trapped by rising costs, complex lease terms and significant barriers to selling their homes.
Key leaseholder findings
Key estate agent findings
Read our leasehold research
Leasehold: still a life sentence?
Despite legislative progress, leaseholders remain trapped by rising costs, complex rules, and an uncertain market. Based on evidence from Propertymark members and leaseholders, this report sets out why we continue to campaign for reform to go further and faster.
Leasehold and Freehold Reform: what has changed?
The Labour Government has committed to driving forward the enforcement of the Leasehold and Freehold Reform Act 2024. This research, produced in 2023, highlights the ongoing issues and sentiments of Propertymark Member agents and is still prevalent in our campaign to drive change.
Leasehold: A Life Sentence?
Thousands of homeowners are stuck in leasehold houses they cannot afford to continue living in and cannot sell. We surveyed over 1,000 people who bought a leasehold house to explore the extent of the scandal which has left thousands of Brits trapped in leases with third parties.
Leasehold training and resources
Download our leasehold FAQs (members only) or attend a training course to further understand leasehold legislation and what you need to do.
Understanding leasehold
This guide provides Propertymark estate agents with best practice on helping people buy and sell leasehold property. Estate agents have a level of responsibility under the Digital Markets, Competition and Consumers Act to pass on all material information in respect of a lease.
FAQs: Leasehold Reform (Ground Rent) Act 2022
The Leasehold Reform (Ground Rent) Act 2022 restricts ground rents on newly created long residential leases for single dwellings such as a flat or house to a token one peppercorn per year, effectively restricting ground rents to zero financial value.
Understanding leasehold block management
Get to grips with leasehold block management in this beginner-friendly course.
Campaign successes
Over our years of campaigning to address the leasehold scandal, we have seen some legislative wins for leaseholders.
Campaigning from Propertymark helped lead to the introduction of the Leasehold Reform (Ground Rent) Act in June 2022, ending ground rent for most new long residential leases granted for properties in England and Wales.
In 2018, Propertymark provided evidence to the House of Common’s Housing, Communities and Local Government Committee’s Leasehold reform inquiry and the UK Government’s consultation on making the leasehold market fairer. We were a member of the Welsh Government’s Task and Finish Group set up to reform the leasehold sector. Its report which identified failings in the leasehold system was released in July 2019.
In 2021, Propertymark’s research as published in our Leasehold: A Life Sentence report was quoted in Parliament by Baroness Andrews during Second Reading of the Leasehold Reform (Ground Rent) Bill to highlight issues around ground rents and unreasonable service charges.
Leasehold changes take effect
The Leasehold Reform (Ground Rent) Act 2022 takes effect on 30 June 2022, ending ground rent for most new long residential leases granted for properties in England and Wales.
After lobby for its introduction as part of our work on leasehold issues, the UK Government introduced a New Homes Ombudsman via the Building Safety Act 2022.
Propertymark put forward proposals for an ombudsman scheme for purchasers of new build homes and for all new house builders sign up to the Consumer Code for Home Builders in our research, Leasehold: A Life Sentence.
We also outlined our concerns and put our proposals forward to the House of Commons Housing Communities and Local Government Committee inquiry into leasehold reform and the UK Government’s call for evidence into improving the home buying and selling process.
Bringing new homes under the scope of an ombudsman allows for a level playing field across the entire house buying process and will ensure the selling activities that developers are engaging in are of a consistently high standard.
Ombudsman Service launches with Code for housing developers
Barratt, Taylor Wimpey, Redrow and Bellway are among 100 firms signed up to a new Code of Practice, following the launch of a new Ombudsman Service. The Code has been developed in response to growing pressure surrounding complaints from owners of new build housing that issues fail to be resolved effectively.