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Leasehold Property Owners MUST Watch This!

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Manage episode 423650623 series 2112440
Content provided by Charles Kelly Business Coach. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Charles Kelly Business Coach or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Leasehold Property Owners MUST Watch This!

Housing Market Update Leasehold Reform Act Passes into law.

Join me online on my free live money management training Wednesday at 7.00PM. Places are limited, so register now Click: https://bit.ly/3QPp8IH

The UK leasehold system has long been a contentious issue, and many argue it’s one of the biggest scams in history. The current system, which dates back to feudal times, sees homeowners purchasing property but not the land it stands on. Instead, they lease the land from a freeholder, often for 99 years or more.

Watch on my Money Tips YouTube channel video - https://youtu.be/i9WAY0qrt0U

In theory, this feudal relic has reformed by the Leasehold Reform (Ground Rent) Act which was passed into law by Parliament and granted the ‘Royal Assent’ on 24 May 2024, just before it was closed for the forthcoming election. But many feel it has been watered down from its original aims.

Read the Act in full - https://bills.parliament.uk/bills/3523/publications

  continue reading

907 episodes

Artwork
iconShare
 
Manage episode 423650623 series 2112440
Content provided by Charles Kelly Business Coach. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Charles Kelly Business Coach or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Leasehold Property Owners MUST Watch This!

Housing Market Update Leasehold Reform Act Passes into law.

Join me online on my free live money management training Wednesday at 7.00PM. Places are limited, so register now Click: https://bit.ly/3QPp8IH

The UK leasehold system has long been a contentious issue, and many argue it’s one of the biggest scams in history. The current system, which dates back to feudal times, sees homeowners purchasing property but not the land it stands on. Instead, they lease the land from a freeholder, often for 99 years or more.

Watch on my Money Tips YouTube channel video - https://youtu.be/i9WAY0qrt0U

In theory, this feudal relic has reformed by the Leasehold Reform (Ground Rent) Act which was passed into law by Parliament and granted the ‘Royal Assent’ on 24 May 2024, just before it was closed for the forthcoming election. But many feel it has been watered down from its original aims.

Read the Act in full - https://bills.parliament.uk/bills/3523/publications

  continue reading

907 episodes

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