Outright ban on new leasehold flats moves closer

The government in England and Wales is moving closer to banning new leasehold flats in favor of a commonhold system, where homeowners have more control over their buildings. Existing leaseholders have expressed frustration over rising service charges and lack of control, with some facing significant financial burdens. The new legislation aims to address these issues and give residents more autonomy in managing their properties, ultimately aiming to improve the fairness and transparency of home ownership in the country.

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