King’s Speech 2024: Labour government vows to abolish ‘feudal’ leasehold system

Legislation to fill the gaps in leasehold reform have been announced. Here is how it could help homeowners

house keyring
(Image credit: Getty Images/Nuttawan Jayawan)

Property owners stuck in leasehold homes that are hard to sell or remortgage could be set for new protections under Labour.

The new Labour government’s legislative priorities were revealed in the King’s Speech this morning, including further steps on leasehold reform.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.