POLITICS

Michael Gove vows to scrap ‘feudal’ leasehold system this year

The government will make it easier for leaseholders to take over their buildings and bring them into common ownership
The government will make it easier for leaseholders to take over their buildings and bring them into common ownership
ALAMY

Michael Gove has pledged to bring forward laws to scrap most “feudal” leaseholds in England this year.

Ministers are preparing to ditch rules that bar flat owners from buying the freehold to their property if a small part of their building is given over to commercial use, such as shops.

The government will also make it much easier for leaseholders in flats to take over their buildings and bring them into common ownership to avoid extortionate management fees and ground rents.

Michael Gove said leaseholds were an “unfair form of property ownership”
Michael Gove said leaseholds were an “unfair form of property ownership”
JEFF OVERS/BBC/PA

Gove told Sophy Ridge on Sunday on Sky News: “We want to introduce legislation in the final parliamentary session — later this calendar year — in order to change the leasehold system.

“It’s not easy in legal terms. When you’ve got a tangle of