Leasehold

London, UK – Sweeping reforms to the United Kingdom’s outdated leasehold system are on the horizon, as the British Government prepares to overhaul a model that has placed homeowners at a disadvantage for decades. With roots stretching back centuries, the leasehold system often sees homeowners own their property but not the land it sits on, leading to a myriad of financial and legal complexities. The proposed changes are seen as a necessary evolution to modernize homeownership in Britain and provide more transparency and fairness in the housing market. Currently, over 4 million homes in England … Read more