As part of the government’s Long-Term Plan for Housing, the Leasehold and Freehold Reform Bill was introduced to Parliament in November 2023. Amongst other things, the aim of the Bill is to make it easier and cheaper for leaseholders in England and Wales to buy their freehold, increase standard lease extension terms to 990 years for houses and flats, and provide greater transparency over service charges.
You can read more about the proposals contained in the Bill on the government’s website.
