Back on the 7th January the Ministry for Housing announced their radical leasehold reform proposals.
- Serious focus on Commonhold and the set up of the Commonhold Council
- Leases could be extended by 990 years rather than 90 and ground rent go to £0
- An online calculator which will tell you what the cost of a lease extension will be
This is on top of their current proposals for £0 ground rents on Help to Buy and Retirement Housing.
Sounds great, right? Well, there’s always got to be a catch, which is why I invited Katie Kendrick from the National Leasehold Campaign to discuss what this announcement actually means.
To listen on iTunes click HERE
To Listen on any other platform click HERE
Also remember, my webinar on Monday 25th January @ 6:30pm, the Traps you MUST avoid in property investment in 2021. CLICK HERE to register.