Mayor of London calls for leasehold reform at launch of new guide for owners

Propertywire | February 22, 2019

Mayor of London calls for leasehold reform at launch of new guide for owners
The Mayor of London has launched a new guide to help leaseholders and called on Ministers to speed up an overhaul of the system of leasehold for home buyers in the capital. An estimated third of London’s homes, and over 90% of new builds are owned on a leasehold basis, with many leaseholders finding it a complex and confusing form of home ownership. The Mayor has called for wholesale reform of leasehold, including a long term shift toward alternative tenures such as commonhold. In the meanwhile, he is working to ensure London’s leaseholders have access to high quality information on their rights and obligations.

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For most people, property investment is by far the most secure method of investment. The underlying problem is, the only way for you to cash out is to sell your properties, and we know that doesn't happen overnight. Real estate in general has low liquidity, high barrier to entry, unpredictable l


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Spotlight

For most people, property investment is by far the most secure method of investment. The underlying problem is, the only way for you to cash out is to sell your properties, and we know that doesn't happen overnight. Real estate in general has low liquidity, high barrier to entry, unpredictable l

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