Leasehold Reforms: preparing for new changes in 2024


Leasehold reform expected this year should reap benefits for a sizeable number of householders. According to Government statistics there are approximately 4.98 million leasehold dwellings in England, the majority of which are in London and the North-East.  Although this number in most part is made up of flats or apartments (70%), it does include a smaller percentage of houses (30%). In response to growing pressure over several years, the Government introduced legislation in 2022 by way of The Leasehold Reform (Ground Rent) Act to help leaseholders struggling with burdensome lease terms and to tackle the issues of a resultant decline in [...]