Michael Gove has committed to abolishing the ‘outdated, feudal’ leasehold system of ownership for almost five million homes by the next general election.
‘In crude terms, if you buy a flat that should be yours,’ Mr Gove said.
‘You shouldn’t be on the hook for charges that managing agents and other people can land you with which are gouging.’
The Levelling Up Secretary, who yesterday admitted that ‘faulty’ government guidance was partly to blame for the Grenfell Tower fire in 2017, vowed that under his plans leaseholders will no longer have to pay to for costly repairs such as fixing unsafe cladding, with the burden shifted to landlords.