Contact us

Register your interest



If you would like to receive exclusive news and offers from GIHLondon, please select your preferred method of communication below:
CallEmail
If you would like to receive exclusive news and offers from GIHLondon, please select your preferred method of communication below:
CallPhone
This individual has agreed to the terms and policies

I have read and agree to the Privacy Policy and Terms & Conditions*

< Close
Current Developments >
Past Developments >
Featured Development
from £880,000
Home > News > London Property – The end of Leasehold

London Property – The end of Leasehold

Tuesday, August 4, 2020

UK. Government have announced wide ranging changes to the planning system, allowing “fast track” permissions to convert retail premises which have outlived their use since the advent of COVID-19, into sorely needed residential stock.

In a wide-ranging re-jig of the whole system, Housing Secretary Robert Jenrick announced these plans due to become “live” this Autumn.

Additionally and more significantly, the Government are now looking to scrap the whole leasehold system.  Plans outlining this are currently being prepared and due to be released this Autumn.

Professor Nick Hopkins, the Law Commissioner commented that “Commonhold involves a culture change.  It would move away from an “us and them” mindset towards “us and ourselves”.

These changes are driven by Prime Minister, Boris Johnson’s desire to reform the whole property system and radically alter the continual decline in available residential stock over the past 10 years.  Calling the new “incentive” project speed”, Boris Johnson stated that the Government’s objective is simple “build, build, build”.

Share this article

The 2021 International Property Recovery from COVID-19

Tuesday, July 7, 2020

In the light of the Covid-19 crisis, only 4 out of 20 major international cities will see rises in their property markets, of which London and Lisbon lead the pack.

Read more
Invest In London With GIH

Why invest in London?

London has one of the world's top performing investment property markets which is forecast to continue its growth for the foreseeable future.

Find out more
Enquire about our investment opportunities in London
Enquire Now