Leasehold Ban Delayed: Government's Cautious Approach

0:00On April 29th, housing minister Matthew Pennycook just dropped some real talk on the leasehold ban in England and Wales. He says it's unlikely to kick in before the next general election. The government's moving slow to dodge hits to housing supply and legal headaches. They already passed a ban on new leasehold houses in 2024, and a flats ban is coming soon. This futile style system is getting dismantled, piece by piece. Pennycook stresses they need all the main laws lined up first before flipping the switch. A rushed move can mess with mortgages and overwhelm the land registry. They're running a consultation right now to nail down a smooth start date. Folks are fired up about it. Green Party leader Zach Polanski calls it a U-turn on election promises, making it a big local campaign issue. Campaigner Harry Schofen, from Freely's Holders, warns that delays lead developers push leaseholds with freebies like furniture and service charge, brakes, worsening the crisis. The full reform package goes further, capping ground rents, pushing folks to switch existing

1:03homes to commonhold and boosting shared ownership. Pennycook admits an overnight end is impossible without chaos. While critics shout betrayal, the government's grinding through the details for an orderly finish this term. These holders stay locked in the wait, hoping supply stays steady as reforms roll out.