Estate Agents In York

Saturday, October 13, 2018

Ground rents: consultation begins on ending leasehold abuses

Majority of new-build homes would be sold as freehold and leaseholders helped to buy their leases out

The government is consulting on plans to combat leasehold abuse, including a crackdown on rogue landlords.

The majority of new-build houses would be sold as freehold under proposals being put out for consultation on Monday by the housing ministry. Ground rents for new leases would be capped at the nominal sum of £10, down from the current average of £300.

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from Property | The Guardian https://ift.tt/2Pyda5M
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