Article: Slow start for new style of ownership.(Business)

Byline: By Richard Freeman-Wallace

Commonhold came into effect in 2004, the first new type of property ownership in English law to be created since 1925. It was trumpeted as a huge shake-up in home ownership. Take up of commonhold since its launch has, however, been slow.

The Government had hoped that 6,000 homes a year would be registered as commonhold. This includes both new builds and existing leasehold flats converting to commonhold.

Less than 200 newly-built homes have been registered so far, however. The problems seem to lie in some mortgage ...

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