Government could ban leaseholds on new-build homes

28th July 2017

The government is to consult on proposals to crack down on leaseholds on new-build homes and a dramatic reduction in ground rents. The trend for new-build houses being sold as leasehold has accelerated in recent years, with leaseholders often finding themselves caught out by clauses allowing for dramatic increases in ground rent. The Department for Communities and Local Government (DCLG) said its proposals aimed to make future leases fairer by reducing ground rents to zero so they "relate to real costs incurred".

The Daily Telegraph (24/07/2017)