Today the Government has taken a generational leap toward a modern form of ownership in housing.
Alongside the cap on ground rents, the Government has announced:
❌ Leasehold is being banned in most cases.
🤝 New flats will be built as commonhold, so and your neighbours own the ground your flat is built on – together.
✨ Existing leaseholders will get the right to switch, so you can be a part of this big new step in ownership.
Common ownership builds stronger communities. Strong communities build a better Britain.