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Wales Online
Wales Online
National
Cathy Owen

Michael Gove pledges to let millions in leasehold homes buy their properties outright

More powers to help families in leasehold homes buy their property outright are due to be announced on Monday. UK Housing Secretary Michael Gove is expected to outline plans to end a current leasehold system used on more than 4.5 million properties in the UK.

It is not clear if Gove's reforms will automatically apply in Wales as any fundamental legal reform may cross over into areas in which the Welsh Government has responsibility.

The plans he is proposing would mean that it is easier for leaseholders to pool together to buy out the freehold of a building meaning extortionate management fees and ground rents could be avoided. It would include flats situated above commercial units, which cannot currently be bought.

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