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Nick Conner

Posted 28 March 2019
by Nick Conner

Changes on the horizon for the UK Leasehold System?

New build homes, blue sky

MPs say the home leasehold system requires changes, according to a recent BBC News article. 

Nick Conner, partner in our property team at Tozers, makes his comments in response to this report:

“It is rather worrying that the report cites instances of buyers not knowing the difference between leasehold and freehold at the point of purchase – a good lawyer will clearly explain the differences of these forms of ownership to a client at the earliest opportunity. Leases are necessary to ensure that appropriate rights and obligations exist for properties which rely on support and protection from other parts of a building, however there are areas where reform would be welcome, for example a minimum lease term for new leases and either the abolishment of ground rents or some form of capping to prevent escalating reviews. While a key features document will help bring detail to the attention of the buyer before solicitors are involved, I would be sceptical as to whether this changes how new leases are drafted going forwards, which is where reform is arguably most needed.”

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About the author

Nick Conner

Nick Conner

Partner and Solicitor

Conveyancer and partner in the private client department