All the updated news related to leasehold

All the news related to leasehold updated in real time

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Personal Finance

Service charge code could be revised to help housing association tenants

Housing association tenants of long leasehold flats in England will be brought into a revised service charge management code, under proposals being consulted on by surveyors. Originally developed in 1997, the code sets out best practice for the ...

04 Apr 2022 at 01:25

Cladding: Minister orders probe into ‘crippling’ insurance costs for residents

The insurance market is not working properly for residents stuck in buildings with unsafe cladding, and many have seen their premiums double in just a year, Communities Secretary Michael Gove has said. In a letter to the Financial Conduct ...

28 Jan 2022 at 09:25

Personal Finance

Proposals to reform flats insurance market set out by City regulator

People living in blocks of flats could receive greater protections from high insurance costs under moves by the City regulator to improve how the buildings insurance market operates. A cross-industry risk-sharing scheme could be set up ...

21 Sept 2022 at 17:40

Personal Finance

Competition watchdog prioritises work towards market study into homebuilding

The competition watchdog is prioritising work towards the launch of a market study into the homebuilding sector. Competition and Markets Authority (CMA) staff will finalise the proposed scope of the project and a formal decision on ...

20 Jan 2023 at 12:24

Personal Finance

Proposals to give leaseholders more rights set out by City regulator

New rights and protections for leaseholders have been proposed by the City regulator, to improve the transparency of the multi-occupancy leasehold buildings insurance market. Under the proposals, rule changes would explicitly ...

21 Apr 2023 at 00:01

Personal Finance

Proposals to slash ground rent costs for homeowners set out by Government

Proposals to slash ground rents and save some homeowners in England and Wales thousands of pounds over the term of their lease are being consulted on by the Government. Housing Secretary Michael Gove launched a consultation ...

09 Nov 2023 at 10:25

Ban to be put on the creation of new leasehold houses in England and Wales

A ban on the creation of new leasehold houses in England and Wales will be included in a Government shake-up – but there was criticism that the announcement did not refer to flats. Other than in exceptional circumstances, ...

07 Nov 2023 at 15:01

Khan calls for end to ‘everyday extortion’ of unfair charges for leaseholders

London Mayor Sadiq Khan is urging ministers to end the “everyday extortion” of unfair service charges for leaseholders. He is demanding legal powers for leaseholders to withhold service charge payments where the ...

27 Apr 2024 at 13:04

Personal Finance

FCA changes rules for insurers of leasehold buildings after Grenfell

Insurers will be forced to act in the best interests of people who own flats in apartment blocks and other leaseholders under new rules from the City watchdog. The Financial Conduct Authority (FCA) said that ...

29 Sept 2023 at 11:00

Michael Gove warns ‘deep-pocketed’ opponents will challenge leasehold reforms

Deep-pocketed opponents of leasehold reform are likely to try and derail the Government’s plans, according to Michael Gove. The Housing Secretary said he expected a “lobbying exercise” to take place, but ...

11 Dec 2023 at 22:07

Government rejects proposal to end ‘extortion and corruption’ of ‘fleecehold’

The Government has rejected a proposal from a Conservative peer to end the “extortion and corruption” of so-called “fleecehold” agreements. A cross-party group of peers condemned the “fleecehold” system,...

29 Apr 2024 at 20:27

City

More than 500 households released from contracts that doubled ground rents

Another 500 households will be released from “problematic” leaseholds which saw the ground rent they paid double every ten to 15 years. The competition watchdog said that the households, whose homes ...

13 Mar 2024 at 12:22

Years
2025

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royal institution of chartered surveyors

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