Leasehold Property Changes For New Buyers

Leasehold property changes for new buyers

Change is in sight for buyers of new leasehold properties, with the passage through Parliament of a bill that will see the ending of ground rent, but it will not help existing leaseholders struggling with onerous terms. The Leasehold Reform (Ground Rent) Bill applies to new, qualifying long residential leases in England and Wales and was tabled in response to one of the Law Commission’s recommendations designed to overhaul residential property in England and Wales. The recommendations address unfair practices in the leasehold system, which has already seen a ban…

What investors, savers and homeowners should consider to protect their finances

At the beginning of the year, we could not fathom the impact the COVID-19 pandemic would have on the way we work and live - not to mention our savings, investments, and day-to-day finances. The UK is now in recession - the biggest on record. There have been monumental swings in the stock market and in the price of almost every other asset including property, bonds, oil, and gold. Companies have been forced to cut and cancel dividends, with many concerned that they may even go out of business altogether.…

Coronavirus and residential tenancies – update on eviction procedure

The Government has published an update as to how residential possession matters will proceed following the lifting of the ban on eviction which is set to come to an end on 23 August 2020. Claims have now been split into 3 categories. Stayed claims brought before 3 August 2020 Stayed Claim brought before 22 August 2020 New claims brought after 22 August 2020. No stayed claim will be restarted until a reactivation notice is filed with the Court and served on the Tenant. This will enable the matter to be…

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