Problems in the leasehold system have needed fixing for a long time. The Law Society has proposed solutions in its response to a government consultation on reforming the leasehold system.
The Ministry of Housing, Communities and Local Government has sought views on how to improve four main areas of leasehold:
The Law Society believe that ground rents should have a simple structure and low rate which is transparent. If the government, as it has announced, chooses to adopt ground rent of a peppercorn, this would: