Commonhold and Leasehold: Construction
The question
To ask the Secretary of State for Housing, Communities and Local Government, whether her Department has set a target for the proportion of new homes to be built by 2030 that will be (a) leasehold and (b) commonhold.
Answered by Matthew Pennycook
The government is committed to reinvigorating commonhold and making it the default tenure.
Our forthcoming White Paper on reforms to commonhold will outline proposed reforms to the model and our plans to introduce a comprehensive new legal framework.
The government has also made clear it intends to publish draft legislation on leasehold and commonhold reform in this session so that it may be subject to broad consultation and additional parliamentary scrutiny.
We will also engage with stakeholders on the process for converting existing flats to commonhold and consult on the proposed ban on new leasehold flats. We will set out further details in due course.
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