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New leasehold flats in England and Wales are set to be banned as the UK government plans to move to a system of home ownership, where people own a share of the buildings they live in. Currently, a third-party landlord known as a 'freeholder' owns the building and a 'leaseholder' pays to live in a flat within it for a fixed time period. #leasehold #ukgovernment #uknews #rentingcrisis #c4news | Channel 4 News
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Did you know that if you buy a home in Britain, you might not actually own it? This is because we have a medieval system of homeownership called leasehold. It means people who buy leasehold homes - usually flats but sometimes houses - only have a right to live in them. They’re actually owned by a landlord - or freeholder. For years, leasehold has caused misery. Leaseholders are charged ground rents, which can run into thousands of pounds and double every ten years. Today, Prime Minister Keir Sta
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