Flat owners who are paying thousands of pounds a year in ground rent charges have welcomed comments from an MP who spoke out in support of them this week. Speaking on the Leasehold Bill Committee, Barry Gardiner MP questioned a representative from the Residential Freehold Association - Jack Speerman - about the vast sums of money that some flat owners …
A two-tier property market is emerging among leasehold properties, experts have warned. New legislation restricts ground rents to effectively zero financial value on new leaseholds only These existing leasehold properties will be overlooked by buyers in favour of new homes protected by the legislation, according to experts. The new legislation restricts ground rents on new leaseholders to a peppercorn amount, …
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