After years in the wilderness, leaseholders have been promised long overdue reforms to the way the system works. Earlier this week, the government released its latest consultation, Implementing reforms to the leasehold system in England, which sets out to tackle a range of problems being faced by leasehold homeowners.
In 2017, the government finally recognised the need to improve fairness and transparency in the leasehold market and pledged to close some of the loopholes that harm the consumer. This was followed by a consultation last December on the sale of leasehold houses and onerous ground rents. At Ringley, we believe close scrutiny of the leasehold system is long overdue.
This latest consultation paper sets out the Government?s four key areas of reform and is asking for feedback on these points:
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