Kings Speech and land reform
The new Leasehold and Freehold bill is due to be placed before the UK Parliament later in November 2023, and the annoucement of the same in the Kings Speech shows that the bill is planned to abolish the creation of new leasehold houses and that all new houses will be sold with freehold title except in exceptional circumstances. There are also plans to extend the term of lease extensions from 90 years to 990 years, and remove the requirement for leaseholders to have been registered for 2 years as the registered proprietor at the Land Registry. There are also other leasehold reforms in the bill too. It remains to be seen how many of these reforms survive their passage through Parliament.
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