Latest property news
Ground rent reforms at risk of being diluted after resistance from Treasury
Over 30 Conservative MPs have written to Chancellor Jeremy Hunt expressing concern that plans for reform are being weakened as the Leasehold and Freehold Reform Bill progresses through parliament. In particular, and despite a promise in the 2019 Conservative manifesto, it is now expected that ground rents will be capped at £250 per year instead of being cut to zero.
Further Regulations confirmed under the Private Tenancies Act
Following the enactment of Sections 1-6 of the Private Tenancies Act (Northern Ireland) 2022 on 1 April 2023, the Department for Communities has outlined that two further phases, Sections 8 and 10, will come into force by the end of 2024.
End Scotland's housing emergency
Propertymark has urged Scotland’s new First Minister, John Swinney following his appointment on 7 May as leader of the Scottish National Party, to end the housing crisis across the country.