The UK property market could be heading towards a significant change in the way flats are owned and managed. The government’s proposed reforms to replace leasehold with commonhold as the default form of ownership for most new flats could reshape the buying, selling and management of residential property across England and Wales.

A new government scheme could help first-time buyers purchase with a deposit of just 2.5%. With more details expected at the October Budget, here’s what prospective buyers need to know.

The UK property market is entering another important period of change. The Government has confirmed plans to introduce independent regulation of property agents, with the intention of giving consumers greater protection and creating higher professional standards across the sector.

The Conservatives have unveiled a series of proposals aimed at reducing taxation and regulation, with housing and housebuilding featuring prominently within their plans. The party has described the wider programme as the “biggest deregulation project in a generation”, with proposals including abolishing stamp duty on property purchases.