Fit-for-Purpose Home Ownership
"The reforms proposed by the Law Commission and by Government are intended to
create fit-for-purpose home ownership.
They are about making our homes ours, rather
than someone else’s asset."
Prof. Nick Hopkins - The Law Commission
...but will the Govt actually do anything about this in our lifetime?
- Re-invigorating commonhold as a viable alternative to leasehold
- Facilitating a transition from leasehold to commonhold
- Improve transparency and fairness for home owners
- Provide a better deal for leaseholders
- Removing abuses in leasehold
- Expanding and improving leaseholders' rights
- Restoring confidence
Primary Recommendations
- Making Enfranchisement easier, quicker and cheaper - and reducing the price payable
- Enabling the conversion of existing leasehold properties to freehold/commonhold
- Making the Right-to-Manage easier, quicker and cheaper
Secondary Recommendations
- Regulating Managing agents
- Considering regulating leasehold service charges, permission fees and legal costs
- Considering abolishing forfeiture
- Reviewing loopholes in the right of first refusal
- Increasing transparency of Event fees
- Requiring landlords to give lease information to propective purchasers
- Improving the process of recognising residents' associations
..... our plan can benefit here...if the Govt adopts these reforms! .....