Lease Extensions

More than 500 households will no longer be subject to terms that cause their ground rents to double, after eight more firms agreed to remove problematic clauses from their leasehold contracts. Their decision follows action by the Competition and Markets Authority (CMA). Some leasehold contract terms, which kick in every 10 or 15 years, can

The Government has announced proposals to cut ground rents to help homeowners in leasehold properties. Housing Secretary Michael Gove has launched a consultation that will set out options including capping ground rents at a so called “peppercorn” rate for existing leaseholders, freezing ground rents at current levels and capping the ground rents at a percentage

UK house prices have risen slightly on a monthly basis, but the overall trend is still downwards, according to the latest figures from the Land Registry. The annual percentage change for average UK house prices was 3.5% in the 12 months to April 2023, compared with 4.1% in the 12 months to March 2023. The