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Key Takeaways
There are numerous issues in the leasehold sector, including service charge abuses, lack of control over service providers, and lack of transparency in charges.
The current trend towards home ownership is driven by the lack of security and high costs in the renting sector.
Social housing is declining, with a shift towards more expensive forms of affordable rent.
The recent Leasehold Reform Act 2024 has been criticised for not providing sufficient protections for leaseholders.
The issue of cladding on properties is making some leasehold properties unsellable and creating financial and mental distress for leaseholders.
The mortgage sector is facing challenges due to uncertainties around cladding issues and building safety regulations.
Key Statistics
Over 210,000 social rent tenancies have been lost in the last 10 years.
The NHS spends £2.4 billion every year treating patients affected by illnesses or injuries from bad housing.
Ther...
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