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Housebuilders must halt leasehold sale of new houses, says minister


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Report from Pinsent Masons solicitors for those interested in the detail..

New leasehold arrangements on "almost all" new-build houses in England will be banned, while 'ground rents' on new long leases will be reduced to zero, the government has announced...

 

https://www.out-law.com/en/articles/2018/january/ban-on-almost-all-new-leasehold-houses-in-england-to-have-retrospective-effect-says-government/

 

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On 14/01/2018 at 7:01 PM, Saving For a Space Ship said:

 Property market braces for shockwaves from landmark leasehold case

Appeal court ruling could halve the cost of extending leases or buying freeholds for 2.1m households in England and Wales

https://www.theguardian.com/money/2018/jan/14/property-market-braces-for-shockwaves-from-landmark-leasehold-case

I haven't seen a news reporting the outcome. Anyone?

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12 hours ago, Freki said:

I haven't seen a news reporting the outcome. Anyone?

 

Consequences , a few billion off the crying billionaires 

Duke Of Westminster’s Estates In Jeopardy Amid Landmark Leasehold Case

https://dealmakerz.co.uk/duke-westminsters-estates-jeopardy-amid-landmark-leasehold-case/

 Landmark Case Could Reduce Leasehold Extension Costs

https://www.todaysconveyancer.co.uk/main-news/landmark-case-reduce-leasehold-extension-costs/

Edited by Saving For a Space Ship
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