In both the Conservative and Labour manifestos, both parties acknowledge the need to undertake reforms to leasehold law and practice. Both seem to agree that a ban on the sale of new leasehold houses should be implemented and that ground rents should be restricted to a peppercorn.
Mark Chick, ALEP Director, said: “As leasehold enfranchisement has garnered high-level political interest, it’s no surprise that both major parties have featured the issue in their general election manifestos.
“ALEP stands for best practice, transparency and fairness, so any proposed reforms that improve efficiencies and simplify the system are welcomed by the Association. Both parties make similar pledges to make the system fairer and clearer. ALEP stands ready to work with whichever party forms a government to provide advice on ensuring that the reforms are workable for all concerned.”
“Leasehold enfranchisement is a cross-party election issue and we eagerly await the next chapter of reform.”
