The Leasehold and Freehold Reform Bill does not liberate leaseholders currently living in flats from what we see as a feudal type of ownership.
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This petition calls for the total abolition of leasehold ownership in the UK, either by amending the current bill or by creating a new one.
Leaseholders are left exposed to service charge hikes, ground rents hikes, refusals by some freeholders to extend their leases etc. Many feel they are trapped in flats they cannot sell because of the conditions that come with leasehold ownership.
Abolishing leasehold ownership would liberate all leaseholders from this feudal type of ownership. We propose doing so with an eighteen-month notice period, allowing investments in freeholds to be detached in good time.