In December 2017 the government put a stop to the sale of new leasehold houses in England. Ten months later, a consultation is finally taking place.
The Government launched a new consultation on their plans for leasehold reform on Monday 15 October and will run for six weeks.
The plan proposes that almost all new-build houses will in future have to be sold as freehold, and ground rents will be capped at just £10 a year.
This latest technical consultation will seek views on how to implement these reforms to the leasehold system and Estate Agents are among those specifically invited to comment.
This is a highly complex area and it is important that we get the detail right. If you have any thoughts on changes to be made, now is the time to get your views heard. You can access the consultation here.
We Can Help
At MW, our mission is "To make quality legal services accessible to everyone", including those selling new build and leasehold properties.
If you would like to speak to our team of specialist Property Solicitors to discuss your conveyancing needs, call us today on 0203 551 8500 or use our Contact Us form to tell us more about your case and arrange a callback.