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Major concerns for the property sector have been reiterated in letters issued by Propertymark to outline actionable points for levelling up our country and communities.
Clauses which see ground rents doubling in price every ten or fifteen years are to be removed from contracts supplied by Countryside Properties (Countryside).
The Competition and Markets Authority (CMA) has announced progress for groups of existing leaseholders, as a result of their investigations.
As the Leasehold Reform (Ground Rent) Bill makes its way through Parliament, Propertymark’s research was used to explain why the Bill is the first step in addressing the scandal leaseholders have faced for years.