Leasehold to commonhold: How brokers can help landlords navigate the change – Mortgage Strategy

Leasehold to commonhold: How brokers can help landlords navigate the change – Mortgage Strategy

The UK Government will launch a consultation later this year in a major reform to property ownership, with a plan to ban new leasehold flats. This will mark one of the most significant changes in the property industry in decades. While commonhold ownership is far less established, with only 184 properties registered in England and Wales, compared with nearly 4.77 million leasehold homes in England alone, the market is set to take a new direction…