Building solutions to the housing crisis in England & Wales. Abolish leasehold and implement commonhold
London, England
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Up to Apr 2024 Labour said it would introduce legislation to ban the freehold-leasehold tenure ‘in its first 100 days’ of government - it didn’t.
Labour's Lisa Nandy says her party will introduce legislation to end lease holding in the first 100 days of getting into government if elected.
#KayBurley: trib.al/BSuiSZC
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“The Government is dishing out money to organisations that are demonstrably failing their tenants,” said Professor Janice Morphet, an expert on social housing at University College London.
Clarion, Sanctuary, Hyde, Metropolitan, Stonewater and Places for People each had over 100 findings of maladministration last year. Clarion, Sanctuary and Hyde each had 10 or more findings of “severe maladministration”.
Six housing associations getting grants to build new homes each received over 100 findings of ‘maladministration’ by the housing ombudsman last year
Read more: trib.al/72Bm3AS
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The freehold-leasehold system is failing 5mn people in England & Wales. We must fast-track share-of-freehold and commonhold conversion to give residents ownership & management control over their homes. No more exploitation by dysfunctional freeholders @AngelaRayner @mtpennycook
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Not sliding, slid
EXCLUSIVE: Monzo, the digital lender which has become one of Britain's biggest consumer banks, is in talks about a sale to Brazil's Nu Holdings which could value it at between £8bn and £10bn, ending the prospect of a near-term IPO of a UK fintech champion. news.sky.com/story/digital-b…
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Welcome news for first time buyers. Your First Home scheme - 2.5% interest free fixed term equity loan up to 20% property value, new builds only, applications opening late 2026 bbc.co.uk/news/articles/cv8e…
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Accelerate
"People aren't ready, this is gonna change everything"
You know what people weren't ready for? Fucking mammoths. Tigers eating them. Monkeys ripping their arms off. The black plague. The ice age. Smallpox. Vikings pulling up on the beach. Drinking water that gives you diarrhea until you die. Getting a scratch and losing your whole leg. The Mongols. The Spanish Inquisition.
One volcano can send us back to the dark ages and these safety guys are gonna be shocked. Oh the robots didn't kill us? It was a volcano? Imagine their disappointment as the hot ash rains down on them.
A solar flare is gonna explode your phone in your pocket your legs are gonna be covered in battery acid and your bank account will stop working. You're afraid of a computer program doing math?
"Things are moving too fast" homie you live on a rock that periodically deletes everything. You are one the most luckiest entities in a 100 light year radius living during a golden era. Cheer up.
My ancestors crossed an ocean in a wooden box because they ran out of fucking potatoes.
"The social disruption will be enormous!"
Nigga World War 2? World War 2? Hop in the people carrier we're landing on the beach.
Are these people out of their fucking minds? Do they not know what we've survived already?
A couple decades of air conditioning and people suddenly think oh this is the natural condition of mankind. No. We used to have eight kids because seven didn't make it. You're gonna be fine. Man the fuck up.
Accelerate.
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Leasehold in England and Wales is not fit for purpose and needs binning. 5mn leaseholders know it, lenders know it, Gov knows it, the market knows it
It's a Flats/Leasehold story.
All London other property types are at all-time highs or within 2%.
Flats make up >50% of all transaction in London since January 2025 vs 16% nationally.
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This is a vast erosion of wealth in Labour's heartland demographic. Leasehold for flats in England and Wales should be ended and replaced by commonhold asap to salvage flat values. What happened to "putting more money in working people's pockets"?
London Flats trade at a 23% discount to the overall London average price.
This is the largest discount ever in the data series.
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Events are overtaking the Burnham government
The prime minister says the upcoming budget will "challenging" amid global economic shocks.
Andy Burnham has been speaking to broadcasters in Woking.
trib.al/Xd1jFh2
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The housing sector in England and Wales is ‘functioning as designed’ by the Labour Gov. Can’t simultaneously disincentivise developers and expect them to build ‘1.5mn new homes in this parliament’; wide, deep and long term consequences
Times (£) Kier construction group confirmed on Tuesday that there will be “no investment in new property developments” although it will see out the projects already under way.
thetimes.com/business/compan…
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There’s no shortage of bricks to build new homes there’s a shortage of political will to create the right business conditions
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If the Labour Gov refuses to create the conditions for 1.5mn homes to be built in this parliament then they won't get built
Private housebuilding output falls 4.9% in July propertysoup.co.uk/private-h… via @propertysoups #housebuilding
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Labour’s 1.5mn new homes in this parliament target has always been a fantasy
“It was always a stretch target”
Housing Secretary Angela Rayner admits there’s only a “slim chance” the government meets its target to build 1.5 million homes in this parliament but says “I’m definitely not giving it up”
#BBCLauraK
bbc.co.uk/programmes/m001bv0…
Community note
Labour's 2024 manifesto committed to building "1.5 million new homes over the next parliament" as a central pledge. Pre-election announcements, including from Keir Starmer, framed it as deliverable ("how, not if") through planning reforms rather than a stretch goal.
labour.org.uk/wp-content/upl…
labour.org.uk/updates/press-…
fullfact.org/government-tra…
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Housing in England and Wales is “functioning as designed” - make it difficult or impossible to build, increase compliance and tax on private landlords - watch rents rise
Gloomy forecast for tenants as rent rises set to speed up bbc.in/4ht6Nzd
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