Leasehold Does Not Need Major Reform, Lenders Tell MPs

The controversial system of ‘leasehold’ ownership in England does not need major reform, the body representing high street lenders in the UK has told MPs. The comments from Matthew Jupp, principal of Mortgages at UK Finance, come despite widespread criticism of the tenure from ministers and plans for radical reform. At an evidence session of the MHCLG Committee he said there was little evidence of a ‘leasehold trap’, where people are unable to sell homes because they are difficult to mortgage. “There’s 4m leasehold properties in the country at least, and the market generally works ok,” he told the committee. Read more on Inside Housing.

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