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Last week, Parliament released a briefing paper to update MPs and anyone else on the situation with leasehold reform. The briefing paper is at the link below:
Among other things it says:
- The use of leasehold is increasing, especially by private developers
- This is probably not a good thing (although entirely legal)
- Commonhold, which was supposed to replace leasehold, has not taken off.
Note that ground rent, one of the major issues with private leasehold, is not a problem for Council leaseholders because the Council only charges a peppercorn ground rent.