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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.
An advisory panel of leasehold and industry groups has been launched to inform the UK Government on the future of commonhold homeownership, with the aim of giving people greater control over the costs of homeownership.
The Leasehold Reform (Ground Rent) Bill has been published today, and when implemented aims to help tackle inconsistency and ambiguity of ground rents for future leaseholders.
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