Leasehold update 2024

Recorded on: 17/01/2024


Even leaving aside issues relating to the Building Safety Act, leasehold transactions continue to be a source of concern to both clients and conveyancers. The Kings Speech in November 2023 confirms that the Government will introduce further legislation relating to leasehold reform. The key proposals are:

  • Making it cheaper and easier for existing leaseholders to extend their lease or buy their freehold
  • Increasing the standard lease extension term from 90 years to 990 years for both houses and flats, with ground rent reduced to £0.
  • Removing the requirement for a new leaseholder to have owned their house or flat for two years before they can exercise their right to extend the lease.
  • Widening the ambit of mixed use buildings capable of being enfranchised.
  • Banning the creation of new leasehold
  • A consultation on capping existing ground rents.

This webinar will look at the implications of the proposed legislation and other topics relevant to leasehold transactions.

Price


Members:  £127.00

Non members:  £175.00

Sole practitioner:  £88.00

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01904 653 550 webinars@legalfutures.co.uk
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