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Leasehold Law should be abolished – all houses/flats should share the freehold

Comment 15th July 2010

When I buy a flat it is subject to a lease and I then have to pay the freeholder to extend the lease. This is bad enough but I also have to pay the freeholders reasonable legal costs and valuation. Wouldn't it be fairer if all flats in a block or house when sold share the freehold, I know this is a possibility now but does not apply to all blocks or all converted houses.

Why does this matter?

When people buy flats they shoud be able to live in them for as long as they choose and not be subject to further costs as is currently the case with leashold properties.

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