The Government is currently seeking views and consulting on the following proposals to the residential leasehold system:
- A ban on new leasehold houses excluding shared ownership
- A restriction on ground rents
- The proposed cap is £10
- Improvements to the sales of leaseholds such as an obligation to respond to enquiries within a certain timescale and a cap on managing agents fees
Nick Attwell comments:
These are all sensible suggestions which will improve the residential leasehold system. The ban on new leasehold houses and cap on ground rents will put a stop to unscrupulous practices and there is no doubt that if the management pack process could be sped up then so could the leasehold process.
For more information regarding leaseholds please contact Nick on 01473 229242 or email email@example.com.