Other changes include ground rents on new long leases – for both houses and flats – being set to zero
Communities Secretary Sajid Javid has announced a ban on leaseholds for almost all new build houses (except where necessary such as shared ownership), effective from today, 21 December. Ground rents on new long leases – for both houses and flats – will be set to zero.
Other measures to be introduced include:
- working with the Law Commission to support existing leaseholders and make the process of purchasing a freehold or extending a lease much easier, faster and cheaper
- providing leaseholders with clear support on the various routes to redress available to them
- a wider internal review of the support and advice to leaseholders to make sure it is fit for purpose in this new legislative and regulatory environment
- making sure freeholders have equivalent rights to leaseholders to challenge unfair service charges.