England & Wales to Ban Leasehold Flats 🏢

New leasehold flats in England and Wales are set to be banned as the UK government plans to move to a system of home ownership, where people own a share of the buildings they live in.

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Currently, a third-party landlord known as a 'freeholder' owns the building and a 'leaseholder' pays to live in a flat within it for a fixed time period.

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