We have from the King’s Speech on 7th November 2023 that there will be a bill to ‘reform the housing market and to make it cheaper and easier for leaseholders to purchase their freehold and to protect leaseholders form punitive service charges.’ So, what does all this mean? A number of the predictions previously mentioned have ‘come true’ … 990-year …
Leasehold Reform- what comes next ? Now we know that leasehold reform will be in King’s Speech – some predictions
The King’s Speech on 7 November is highly anticipated by all those involved in the leasehold sector. The first phase of reforms have ushered in a number of changes to help leaseholders in the wake of the ground rent and leasehold house ‘scandals,’ with the Government having committed to make buying a freehold or extending a lease “easier, faster, fairer …