MortgageSolutions are reporting that ‘The leasehold system is a ‘mess’ that leaves homeowners paying ‘through the nose’ according to brokers, though opinions are divided on whether it should be scrapped entirely or adapted.’ Going on to say ‘The government has previously pledged to abolish leasehold, though recent media reports suggest these plans have been abandoned over concerns about whether there would be enough time to enact the changes before the next election.

Brokers were united in decrying the leasehold system, arguing it leads to homeowners being “exploited”. However, views were split on how to go about fixing the issue.’

The whole article can be seen here.