Published 1 month ago

Leasehold reforms set to be walked back after investor lobbying

Summary by Ground News

The Conservatives have been accused of ditching their manifesto pledge to reduce ground rents to zero, after reports that Michael Gove is losing his battle to reform current leaseholds.

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BBC News

Moves to make it harder to repossess leasehold homes over unpaid charges

Forfeiture means leaseholders can be threatened with losing their home if they do not pay service charges.

1 month ago·United Kingdom

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The Guardian

Tories accused of ditching manifesto pledge to remove ground rents

Michael Gove is losing his battle to reform current leaseholds, Sunday Times reports

1 month ago·London, United Kingdom

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Evening Standard

Leasehold misery to continue as Gove's zero ground rent plan blocked

Leaseholders trapped by high ground rent face another blow as pension fund lobbying against housing bill sways Downing Street

1 month ago·London, United Kingdom

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City AM

Leasehold reforms set to be walked back after investor lobbying

Plans to cap ground rents on leasehold properties are set to be walked back after lobbying from pension funds and investors, according to reports. Housing secretary Michael Gove has been forced to abandon his plans to bring in a cap and reduce annual payments to ‘peppercorn’ rates or almost nothing, the Financial Times reported. It came after the story first emerged in The Sunday Times that pension fund managers had urged No10 not to go ahead wi…

1 month ago·London, United Kingdom

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