Leasehold Property Owners MUST Watch This!
Housing Market Update Leasehold Reform Act Passes
into law.
Join me online on my free live money management training
Wednesday at 7.00PM. Places are limited, so register
now Click: https://bit.ly/3QPp8IH
The UK leasehold system has long been a contentious issue,
and many argue it’s one of the biggest scams in history. The current system,
which dates back to feudal times, sees homeowners purchasing property but not
the land it stands on. Instead, they lease the land from a freeholder, often
for 99 years or more.
Watch on my Money Tips YouTube channel video - https://youtu.be/i9WAY0qrt0U
In theory, this feudal relic has reformed by the Leasehold
Reform (Ground Rent) Act which was passed into law by Parliament and granted
the ‘Royal Assent’ on 24 May 2024, just before it was closed for the
forthcoming election. But many feel it has been watered down from its original
aims.
Read the Act in full - https://bills.parliament.uk/bills/3523/publications
