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Leasehold To FreeHold Property Changes
Manage episode 411873219 series 3504934
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In today's podcast, Mark discusses the new changes in the leasehold to freehold system that the government is implementing.
The proposed laws aim to make it easier and more affordable for leaseholders to buy their freeholds. They also include extending the standard leasing extension terms to 990 years for both houses and flats.
These changes will significantly benefit leaseholders, allowing them to extend their leases and purchase their freeholds. As a result, their professional fees, such as solicitor fees, could also decrease.
Additionally, the government is considering granting comprehensive rights to homeowners on private and mixed estates. This will provide them with more information on the charges they pay and the ability to challenge unreasonable charges and have them removed.
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