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.

Nearly ten years after we first began campaigning on this issue, reform is still not moving fast enough. Flat owners remain trapped by rising costs, complex rules, and a sales market that is becoming harder to navigate. We’ve drawn on fresh evidence from more than 1,200 leaseholders and over 200 Propertymark members to expose the current impact of unaffordable costs linked to building safety defects, the difficulty of challenging unreasonable service charges, and the increasing barriers to sale which are putting the market under significant pressure.

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.

The UK Government has announced new funding for the remediation of unsafe cladding on eligible residential buildings under 11 metres in England, delivered through the existing Cladding Safety Scheme and administered by Homes England. Applications will open on 17 August 2026, with funding prioritised according to the cladding fire safety risk posed to residents.

New analysis has shown that the average UK house now costs 1.7 times as much as the average flat, the greatest disparity since records began. The findings underline the growing impact that leasehold complexity, service charges, ground rent, and uncertainty around reform are having on buyer confidence, especially in England and Wales where flats are most sold on a leasehold basis.

The Housing, Communities and Local Government Committee has called for major changes to the Draft Commonhold and Leasehold Reform Bill before it is introduced to Parliament in autumn 2026. Propertymark has long campaigned for meaningful leasehold reform, including action on ground rents, service charges, building safety, consumer information and the regulation of property agents. We welcome the Committee’s recognition that reform must work in practice for homeowners, agents, lenders and managing agents.

It has been nearly ten years since the Leasehold: A Life Sentence report was published, launching a sustained Propertymark campaign. Despite the introduction of the Leasehold and Freehold Reform Act 2024—of which only 10 of 125 sections have come into force—leaseholders continue to face significant financial pressures, rising and often unjustified service charges, and ongoing building safety concerns.

The UK Government has set out further reforms across housing, communities, and local government. Proposals affect leasehold, building safety, social housing, local authority standards, and tourism levies, all of which could impact local housing markets and influence the way councils, owners, agents and residents interact.

The UK Government has set out how it intends to ban the sale of new leasehold flats, expand the legal framework, and improve accessibility to make commonhold the default tenure for flats in both residential and mixed-use developments. Propertymark welcomes efforts to address the entrenched problems in the leasehold system, and we have put forward our recommendations for strengthening the draft legislation, ensuring the role of professional managing agents is recognised and supported, and the sector has adequate time to prepare.

Matthew Pennycook MP stated that leasehold remains a barrier to a fair and efficient property market and confirmed that the UK Government aims to ‘get the job done’ by the end of this Parliament, making commonhold the default tenure for new flats. However, he also stated that reform must be phased to avoid legal, administrative and market disruption — meaning the five million existing leases in England and Wales will not end immediately.

The Interim Measures Alarm Fund (IMAF) is designed to improve resident safety while reducing the financial burden on leaseholders in buildings awaiting remediation. The fund marks a continuation—and expansion—of efforts to address building safety following the Grenfell Tower tragedy, while also aligning with long-standing industry calls, including Propertymark’s campaigning, for practical and cost-effective interim safety solutions.

The Housing, Communities and Local Government Committee is examining whether the Draft Commonhold and Leasehold Reform Bill will strengthen the rights of leaseholders and effectively pave the way for commonhold in practice. We’ve provided written evidence, based on feedback from members, which focuses on the areas where change is most urgently needed to support agents and consumers and create a housing market that functions more effectively.

The UK Government has published the Draft Commonhold and Leasehold Reform Bill and launched a consultation on banning leasehold for new flats, marking a significant moment in the long-running debate over leasehold reform. For Propertymark, this represents a major milestone after nearly 10 years of sustained campaigning against leasehold, poor practices, and unfair ground rents.

In a major setback for long-awaited housing reform, the UK Government has failed to publish the draft Commonhold and Leasehold Reform Bill before the end of 2025 as repeatedly promised to Parliament — delaying crucial leasehold overhaul legislation until early 2026. The omission, confirmed in correspondence from Housing Minister Matthew Pennycook to the Housing, Communities and Local Government (HCLG) Committee, has drawn sharp criticism from MPs, campaigners and sector bodies alike.

The Ministry for Housing, Communities and Local Government (MHCLG) is considering the design of transparency and standardisation measures to be implemented in England and Wales under the Leasehold and Freehold Reform Act 2024. In addition, it has outlined new proposals around the fees and charges leaseholders pay, reform of the major works regime, and mandatory qualifications for managing agents.

The UK Government has confirmed it will move forward with plans to end hidden commission payments on buildings insurance — a change welcomed for improving transparency, but one that raises new challenges for managing agents and landlords. Propertymark has warned that while reforms aim to protect leaseholders, unanswered questions around costs, VAT, and permitted activities could have significant consequences for the sector.