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Freedom From Ground Rent Obligations

Future home buyers will be free from ground rent obligations from 30 June 2022, when the government’s ban on charging ground rent on leases comes into force. From 30 June 2022, ground rent will be banned on most new residential leases from 30 June 2022, which should put an end to the expensive and unregulated cost of ground rent that has been borne by homeowners for so long. This new legislation forms part of the governments reform package that will…

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Leasehold Reform Bill: clause for existing properties rejected by MPs.

Leasehold Reform Bill: clause for existing properties rejected by MPs. It is a real shame that the leasehold reform bill is not taking into consideration those ‘homeowners’ who are currently trapped in a system that allows uncapped ground rent to be charged by freeholders on homes which they are supposed to ‘own’. The existence of the bill suggests that there is an issue, and it is only purporting to fix half the problem. Could it be that the British government…

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Land Registry Fee Increase

HM Land Registry fees for first registration and the registration of transfers, leases, mortgages of property will increase. This will affect both scale 1 and scale 2 fees.   For all electronic applications, the fee will be increased by 11% - most applications are done this way. As it saves time and money for both clients and conveyancers.   For applications done by post, the fee will be increased by 21%.   These changes are coming into force on 31st January 2022.   It is imperative that all…

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