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King’s Speech: proposed housing Bills 10/11/2023 Labelled as Legislation, Regulation

On 7 November King Charles gave his first speech as King opening the new session of Parliament, probably the last before a General Election is called. As is traditional, he listed the Government's proposed programme of legislation for the session.  Apart from the Renter's Reform Bill, which has been carried over from the last Parliamentary session and has already received its Second Reading in the House of Commons, the only housing bill proposed is a Leasehold Reform Bill.  This will require new houses to be sold freehold, although leasehold sales may continue.  Protection for existing leaseholders may include a cap on leasehold charges, although this proposal is subject to consultation.  The Bill has disappointed organisations such as Commonhold Now, which has argued for all new flat sales to be commonhold or to include a share of the freehold, and for an unqualified commitment to cap leasehold charges.


Last of the Bills introduced in that previous session, the Levelling Up and Regeneration Act, which includes measures to introduce an Infrastructure Levy, has now received Royal Assent. 



Commonhold Now Misaligned incentives report

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