New leasehold rules are set to become law after the final legislative amendments were agreed in the House of Lords on Monday.
The introduction of the Leasehold Reform (Ground Rent) Bill will lead to "fairer, more transparent homeownership for thousands of future leaseholders", according to a minister.
The new legislation will restrict ground rents on most newly-created long residential leases in England and Wales to a token one peppercorn per year, effectively restricting them to zero financial value.
After amendments made in the House of Commons passed the Lords without an opposition vote, the proposals are now set to go for royal assent.
Read more on manchestereveningnews.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.