
News
Leaseholders still trapped by rising costs and limited reform – Propertymark
According to Propertymark concerns remain over rising costs, like cladding remediation delays, which aren't being fully addressed.

According to Propertymark concerns remain over rising costs, like cladding remediation delays, which aren't being fully addressed.

Propertymark argues for setting ground rent at peppercorn value to balance leasehold practices and benefit existing leaseholders in England and Wales.

70% of member respondents said that some ground rents could cause problems in when selling a property.

The legislation also aims to address "rip-off" charges, with a consultation planned on capping existing ground rents.

The new Bill is expected to ban leaseholds for houses, but not new flats.
Press Esc to close.
