Tomorrow Simon Hughes MP has a second reading of his proposed Leaseholder Reform 2008 bill. If it enters the statute book is will give leaseholders much more say over what happens to their property and governance over the charges they experience. It also would give councils the power to have sinking funds to pay for major repairs. Currently council leaseholders get massive bills to fix major repairs. A sinking fund would ensure that a pot of money was collected over time from leaseholders to be ready to pay for such major works.

Fingers crossed this bill is successful and goes onto the next stage. It would truely make the lives of Southwark council’s 10,000 leaseholders better and all other leaseholders.