"In making that manifesto commitment to bring the leasehold system to an end, we were not promising to immediately abolish leasehold outright. Anyone with even the most rudimentary knowledge of leasehold knows that outright and immediate abolition of circa five million English and Welsh leases is almost certainly impossible."
"It's very easy to put out glib soundbites - end leasehold - we've got a serious policy programme here."
The housing minister stated that the outright abolition of the leasehold system in England and Wales is almost certainly impossible. Labour's 2024 manifesto promises to dismantle the system, allowing leaseholders more control over their buildings, but not overnight. Critics claim the government is delaying leasehold reform. The minister clarified that the manifesto commitment does not imply immediate abolition, questioning the legality and impact on the mortgage market. He criticized the Green Party's total abolition promise as simplistic, emphasizing Labour's serious policy approach.
Read at www.bbc.com
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