Property News · July 19, 2018

Radical plans to end huge costs of buying a freehold unveiled


Law Commission draws up options enabling leaseholders to extend or buy more cheaply Millions of homeowners caught in the so-called “leasehold trap” may be able to buy their freeholds at a fraction of the price currently demanded by ground rent companies, under radical proposals from the Law Commission.One proposal is for a simple formula where leaseholders will pay just 10 times their current ground rent to convert their property from leasehold to freehold. Continue reading…

Source : theguardian.com
Read more…Radical plans to end huge costs of buying a freehold unveiled

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