Phasing out leasehold in new developments

Meeting: 
MQT on 2015-09-16
Session date: 
September 16, 2015
Reference: 
2015/2674
Question By: 
Darren Johnson
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Given the myriad consumer problems with leasehold, will you review how you could encourage housing providers to switch to commonhold in new housing developments?

Answer

Answer for Phasing out leasehold in new developments

Answer for Phasing out leasehold in new developments

Answered By: 
The Mayor

Commonhold may be the right answer for some leaseholders, but for the majority it is more pressing to improve their current experience of leasehold. This is why my Housing Strategy commits to supporting the right to manage, improving redress and making dispute resolution more effective.