King’s Speech – the date leasehold ends

Leasehold ABOLISHED? Huge News For UK Homeowners Leasehold reform is back in the spotlight after the King’s Speech confirmed major plans to overhaul how flats and homes are owned in the UK. Could leasehold finally be abolished — and what does this mean for homeowners, landlords and property investors? In this video, we break down the proposed changes, ground rent caps, commonhold reforms and what UK property owners need to watch next.

PLUS –

Tourist Tax – Air B n B tax

Social Housing – Right To Buy went to ten years from three years – going up to 35 years.  Discount reducing to 10%.

Cladding on flats – 2029 latest to remove –

Energy Independence Bill – wishy washy, nightmare, could be delayed.

Leasehold and Commonhold Bill – 2029 target date – owners of leasehold can buy commonhold.

New flats no longer to be sold as leasehold by 2029.

Ground rent capped at £250 by 2028.  After 40 years, then peppercorn.

Harder to forfeit your lease.  Extending leases will be cheaper.

Value of leasehold will increase maybe by 10%.

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