Leasehold reforms – how will these impact homeowners and leaseholders?👀
At the beginning of 2021 the (then) housing secretary, Robert Jenrick, announced big plans to reform the legislation regarding Ground Rent across the entire industry without exceptions.
The reforms were proposed with the primary focus of adding a lot more legal and financial flexibility to leasehold homeowners by increasing the statutory lease extension term for flats from 90 years to an additional 990 years at a peppercorn ground rent across all properties.
But what does this really mean for homeowners? To continue reading, please Click Here