In making that manifesto commitment to bring the leasehold system to an end, we were not promising to immediately abolish leasehold outright. Anyone with even the most rudimentary knowledge of leasehold knows that outright and immediate abolition of circa five million English and Welsh leases is almost certainly impossible.
She told the committee the lack of regulation of managing agents was "a real problem" and said the government needed "to go further and harder" on proposals by Lord Best in 2019 to introduce an independent regulator.
Sarah works full-time as a school teacher, but has been forced to take up a second job to pay the spiralling bills from the management company of her building. While she was aware of the annual service charge of around 1,400, she wasn't prepared for the bills for a reserve fund which have risen steeply as the management company aims to secure an extra 400,000 from residents for a roof replacement and other projects.
