Leasehold To FreeHold Property Changes

In today's podcast, Mark discusses the new changes in the leasehold to freehold system that the government is implementing.

 The proposed laws aim to make it easier and more affordable for leaseholders to buy their freeholds. They also include extending the standard leasing extension terms to 990 years for both houses and flats.

These changes will significantly benefit leaseholders, allowing them to extend their leases and purchase their freeholds. As a result, their professional fees, such as solicitor fees, could also decrease.

Additionally, the government is considering granting comprehensive rights to homeowners on private and mixed estates. This will provide them with more information on the charges they pay and the ability to challenge unreasonable charges and have them removed.

VALUABLE RESOURCES:

• Visit www.pinFurtherLearning.co.uk to explore the complimentary training sessions and resources we provide to assist you in generating a sustainable income through property.
• Join our FREE pin Community Facebook group to meet other like-minded property investors and potential Joint Venture Partners.
• Attend your first property investors network (pin) Meeting for free by using the voucher code "BUZZ"

CONNECT WITH US:

Facebook: https://www.facebook.com/propertyinvestorsnetworkuk
LinkedIn: https://www.linkedin.com/company/property-investors-network
YouTube: https://www.youtube.com/c/propertyinvestorsnetwork
Twitter: https://twitter.com/pin_uk/
Instagram: https://www.instagram.com/propertyinvestorsnetworkuk/
TikTok: https://www.tiktok.com/@propertyinvestorsnetwork