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Leasehold in London needs changing Featured Image

Leasehold in London needs changing!

  An article in Show House yesterday gave the views of the Mayor of London, Sadiq Khan, who has launched a new guide to help London leaseholders while at the same time stepping up his calls on ministers to overhaul the system of leasehold for homebuyers in the capital. An estimated third of London’s homes – and over 90% of new-build housing – are owned on a leasehold basis. The Mayor has called for wholesale reform of leasehold, including a long-term shift toward alternative tenures such as commonhold. In the meanwhile, he is working to ensure London’s leaseholders have access…

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