The issue of ground rents and leasehold houses in particular has been getting a significant airing in the press recently. Here is some more background to this issue. Particularly vocal in this area have been the Leasehold Knowledge Partnership, see their website for more about the news of their campaigns. In particular, an All Party Parliamentary Group has called for more to be …
Commentary on the Housing White Paper
I recently wrote a short piece on the Housing White Paper that appeared on my other site, Leasehold Reform News. Whilst the forthcoming election may well throw some of the government policy objectives into uncertainty in the short term, I thought it was worth posting it here. The Housing White Paper does have a few paragraphs addressing leasehold – in particular …
Will the ground rent increase after a lease extension?
If your lease is extended under statute the ground rent will be reduced to a peppercorn (i.e. nil). There will be no more ground rent to pay and the lease will be extended by 90 years on top of the unexpired term of your existing lease. In other words, if your lease was originally 50 years long the new lease …