The beginning of the end of leasehold
Leasehold property owners are set for important changes in the coming months. The Government is planning to grant new rights on lease extensions and ending ground rent, which signals the beginning of the end of leasehold and this form of ownership. The government has indicated there will be a shift to ‘commonhold’ on the horizon, but the benefits to householders are likely to take time to filter through. Nearly all flats and some houses in England and Wales are owned on a leasehold basis, giving the owner the right to…