Leasehold charges to be capped at £250 rather than cut to zero: Report – Mortgage Strategy
Leasehold charges to be capped at £250 rather than cut to zero: Report – Mortgage Strategy
Leaseholders will continue to pay annual ground rent capped at £250 for up to 20 years in an amendment to the Leasehold and Freehold Reform Bill set to be announced this week. Housing secretary Michael Gove has been forced to water down the reforms in the Bill following resistance from the Treasur...
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Honestly this is better than nothing and very welcome for me. Not often I say good things about Michael Gove but he's done a great job on this and the cladding fiasco.
The real thing that cripples me as a leaseholder though is the service charges, which have doubled since I bought the place. The whole thing is a total con.