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Leasehold To Be Abolished In 100 Days?

by peter littlewood | Oct 11, 2023 | Leasehold, Tax & Other Financial

Labour stated that they intend abolish leaseholds within 100 days of achieving power. The Conservatives had considered this, but it was reported that this idea had been dropped – see report. The problem is that it is complicated.  It is a good idea for existing...

Agents concerned about claims following leasehold buildings insurance reforms

by peter littlewood | Oct 10, 2023 | Tax & Other Financial

Following new Financial Conduct Authority (FCA) leasehold buildings insurance reforms, managing agents face the prospect of action from leaseholders, as new legislation outlawing the historic practices of managing agents in relation to insurance commissions gets...

Build to Rent chairman comments on landlords exiting the market

by peter littlewood | Oct 10, 2023 | Tax & Other Financial

Steve Smith, Chairman of PRS REIT, which has the largest portfolio of single-family rental homes in the UK [5,500], made the following comments in the company’s year end report:. “The portfolio’s outstanding asset performance to date demonstrates the...

Brighton & Hove City Council consultation on new property licensing schemes

by peter littlewood | Oct 10, 2023 | Licensing

Brighton & Hove City Council consultation on new property licensing schemes – Additional Housing in Multiple Occupation (HMO) and Selective Licensing  The council has launched a public consultation on proposals to introduce new property licensing schemes...

Labour plans to end ‘feudal’ leasehold system

by peter littlewood | Oct 10, 2023 | Leasehold

The Labour Party has vowed to abolish leasehold in the first 100 days of government if it wins the next General Election. Housing secretary Michael Gove previously promised to introduce legislation to “fundamentally reform” the leasehold system, which he had...
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