The Conservative Party should be proud of its record of reform for leaseholders, a mission begun by Margaret Thatcher, then an opposition housing spokesperson. She recognised that the leasehold status quo was a feudal system which has no place in the modern world, saying in the 1960s: ‘There is no prouder word in the English language than freeholder.'

As this Parliament drew to a close, there was no more important piece of legislation before it than the Leasehold and Freehold Bill, which stands to help millions with the cost of living and meet the Conservative aspiration for continuing to build a property-owning democracy.