Ahead of July 4, Labour and the Conservatives have drawn up competing plans for how they aim to tackle housing in England. Both parties have promised to build more homes, help first-time buyers get on the property ladder and make homes, both rentals and purchases, more affordable.
Any buyer, first-time or veteran, will be familiar with the conundrum of considering a leasehold purchase. There are 4.77 million leasehold dwellings in England. These are homes held under a lease, which is ultimately a wasting asset with a fixed-term. The tenant does not have the freehold of their home, which is owned by a landlord.
