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Tag: Ground Rent

UK New Homes
News

Ground Rent Charges Will Be Banned on Most New Residential Leases from 30 June 2022

Future homebuyers will see their prospective property bills reduce in just over two months, when the government’s ban on charging ground rent on ...
By Property Notify22nd April 20221
UK New Homes
News

CMA Action Frees Leaseholders from Ground Rents that Double Every 10 Years

Taylor Wimpey – one of the UK’s leading housing developers – has voluntarily given formal commitments to the Competition and Markets Authority (CMA) ...
By Property Notify22nd December 20210
Affordable Housing
News

CMA Secures Landmark Commitments for Leaseholders

Aviva has committed to remove certain terms from its leasehold contracts which cause ground rents to double, and Persimmon will now offer leasehold ...
By Property Notify23rd June 20211
UK Property
Press Releases

£1.4bn Paid in Leasehold Ground Rents Each Year Across England

It was announced in the Queen’s speech last week that ground rents for new leasehold properties will be abolished, with a small sum ...
By Property Notify18th May 20210
UK Social Housing
News

CMA Requires Countryside & Taylor Wimpey to Remove Leasehold Terms

In September 2020, the Competition and Markets Authority (CMA) launched enforcement action against 4 housing developers. These included Countryside Properties and Taylor Wimpey, ...
By Property Notify19th March 20210
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Press Releases

New Ground Rent Legislation Explained & Why it is So Important

Being hailed as the first part of the biggest English property law reform in decades, the announcement of new ground rent legislation is ...
By Steven Glover17th March 20211
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