Commonhold: What banning leasehold means for new flats

The Labour government is planning to ban the sale of new leasehold flats in England and Wales, and to make commonhold the only way people will be able to buy new flats. What does commonhold mean? How does it differs from leasehold or having a share of the freehold? What's the situation for existing flats? When is it due to come into force? These are some of the questions that lawyer turned landlord, Suzanne Smith, answers in this video. Whether you're a property developer, property investor, landlord with flats, or even someone thinking of buying a flat, you need to understand what commonhold means. ➡️ Read the blog version: https://theindependentlandlord.com/co... Social media ☕ Buy me a coffee: https://ko-fi.com/indie_landlord 📷 Instagram:   / indie_landlord   🔗 LinkedIn:   / suzannesmithblogger   ⏱️ Time stamps ⏱️ 00:00 Intro 01:18 What is leasehold? 03:30 What is commonhold? 05:27 Difference between commonhold and leasehold 06:25 How commonhold differs from share of freehold 07:11 Don't we have commonhold already? 08:40 What about existing leasehold flats? 08:58 When will ban on new leasehold flats begin? 09:44 What are the next steps? 11:23 Bonus: personal view about commonhold ❗ DISCLAIMER: Information as of 12 March 2025. I make general comments on legal matters on this channel. This is not legal advice. The rules regarding leasehold and commonholdare complex, and are subject to change. I may also get it wrong. You need to take your own advice for your specific circumstances, and do not rely on what’s on YouTube or in a blog. I exclude all liability arising from any losses arising directly or indirectly from actions you do or don't take after watching videos on The Independent Landlord channel or reading blog posts on The Independent Landlord website.