UK politics
fromwww.bbc.com
1 day agoWe can't abolish leasehold outright, minister says
Immediate abolition of the leasehold system in England and Wales is deemed almost impossible by the housing minister.
She told the committee the lack of regulation of managing agents was "a real problem" and said the government needed "to go further and harder" on proposals by Lord Best in 2019 to introduce an independent regulator.
Sarah works full-time as a school teacher, but has been forced to take up a second job to pay the spiralling bills from the management company of her building. While she was aware of the annual service charge of around 1,400, she wasn't prepared for the bills for a reserve fund which have risen steeply as the management company aims to secure an extra 400,000 from residents for a roof replacement and other projects.