The UK Government has published the Draft Commonhold and Leasehold Reform Bill and launched a consultation on banning leasehold for new flats, marking a significant moment in the long-running debate over leasehold reform. The Bill includes measures to improve conditions for existing leaseholders. These include a cap on ground rents at £250 per year, moving to a peppercorn after a 40-year transition period, the abolition of forfeiture, and reforms to estate rentcharges. It has never been a better time to purchase a Leasehold property.
