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The Guardian - UK
The Guardian - UK
Business
Kiran Stacey Political correspondent

Centuries-old leasehold system to be abolished in England and Wales

Matthew Pennycook England Michael Gove Wales
People with placards at a leaseholders’ rally in London.
Some leasehold reform campaigners have complained about the slow pace of action by the current government. Photograph: Stephen Chung/Alamy

The housing minister has promised to abolish the centuries-old leasehold system in England and Wales before the end of this parliament, as the government takes the next steps towards an outright ban on new leasehold developments.

Matthew Pennycook said he was committed to ending the feudal-era system – which applies to 5m homes in England – after years of complaints from leaseholders about crippling service charges and crumbling buildings.

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