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ARTICLE · 27 NOVEMBER 2024

Making The Change To Commonhold

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On 21 November 2024, the Minister of State for Housing and Planning, Matthew Pennycook, issued a written statement setting out the Government's plans for leasehold reform during this Parliament.

United KingdomReal Estate and Construction
Sarah Quy
Sarah Quy
Sarah Walker
Sarah Walker
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On 21 November 2024, the Minister of State for Housing and Planning, Matthew Pennycook, issued a written statement setting out the Government's plans for leasehold reform during this Parliament. As well as passing the regulations needed to implement the Leasehold and Freehold Reform Act 2024 (discussed here), new primary legislation to improve that Act, and strengthening the regulation of property agents, he also announced that the Government intends to make commonhold the default tenure for new-build flats by the end of this Parliament and will also engage on the conversion of existing flats to commonhold.

  1. WHAT IS COMMONHOLD?
  2. WHAT WOULD COMMONHOLD MEAN FOR RESIDENTS?
  3. WHAT WOULD THE SWITCH TO MANDATORY COMMONHOLD MEAN FOR LENDERS?

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