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Propertymark supports members as leasehold regulations come into force
From 31 October 2024, Part 5 of the Building Safety Act 2022 will be updated to clarify landlords’ responsibilities for remediation, to make remediation orders more effective, and to provide more detail about who can be required to contribute to the cost of remediation works. The UK Government is committed to enacting the legislation and has indicated that work to formulate further regulations is in progress.
Structural flaws in housebuilding to be rectified
The Ministry for Housing, Communities and Local Government (MHCLG) has responded to recommendations made by the Competition and Markets Authority (CMA) based on their year-long investigation of residential construction in England, Scotland, and Wales. Ministers agree that reform is essential to ensure the market delivers homes that the country needs and have committed to creating a long-term housing strategy with the buy-in of local authorities, developers, landowners and investors.
Fact sheet: Leasehold and Freehold Reform Act 2024
The Leasehold and Freehold Reform Act 2024 makes a number of changes which will affect long term homeownership for leaseholds and homeowners on managed estates. Key changes within the Act include restricting the granting of new long residential leases for houses.
Fire guts London tower block just days ahead of Grenfell report
Emergency services were called to the mixed-use residential and commercial block in Dagenham, East London, on 26 August 2024, and declared the scene a major incident. The building is one of 4,613 across the UK currently being monitored by the Ministry of Housing, Communities and Local Government due to unsafe cladding.