Landlords hit back over leasehold reform linked rent caps
The leasehold system in England and Wales has long been a subject of controversy, with freeholders charging exorbitant ground rents that have burdened leaseholders. In response, the government has introduced the Leasehold Reform bill, aiming to make it easier for leaseholders to extend their leases and buy the freehold. However, the proposed ground rent caps […]
Long Overdue Good News for Leaseholders
The proposed reforms to the “feudal” leasehold system could potentially increase property prices by an average of 9.9%, according to a study conducted by property consultancy Knight Frank and Bayes Business School. This comes in light of the Leasehold Bill proposed by Michael Gove, the levelling-up secretary. If passed, it could significantly impact the value […]
King’s Speech: A Royal Pain for Leaseholders or a Crowning Achievement?
Today’s King’s speech unveiled a series of legislative changes aimed at making it easier and cheaper for leaseholders to purchase freehold. This move is expected to offer a sigh of relief to many who have been struggling with what are often described as ‘punitive service charges’. However, the government’s commitment to […]
The Cladding Crisis: A Tale of Uncertainty, Hope, and Endless Red Tape
In the aftermath of the harrowing Grenfell fire in 2017, the UK was awakened to the terrifying reality of fire risks in residential buildings. Flammable cladding was identified as a significant hazard, throwing homeowners like Caroline Stimpson into years of uncertainty and financial stress. According to the Sunday Times, Caroline Stimpson, a 39-year-old school […]