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It might be nice for Parliament to own their own building but England more generally has a real problem where normal humans have a hard time owning the property
by fennecfoxen 4y ago
It might be nice for Parliament to own their own building but England more generally has a real problem where normal humans have a hard time owning the property their homes are built on, with all sorts of fun fun fun fun fun ground-rent renewal politics. Reforming those is more impactful and urgent.
- simonh 4y agoGood news. Ground rent is going to be banned from the end of this month on new leases. It'll take a while for it to be eliminated completely but it's firmly on the way out. https://www.gov.uk/government/news/future-homebuyers-to-be-freed-from-expensive-ground-rent-bills-on-30-june https://www.gov.uk/government/news/future-homebuyers-to-be-f...
- dane-pgp 4y agoExcept the government has only done the bare minimum for leasehold reform, and has seemingly abandoned the more ambitious plans it had promised for this session of parliament[0]. As for the Leasehold Reform (Ground Rent) Act 2022, it's worth reading the small print: "Certain types of leases are also excepted by the LRGRA 2022 such as business leases, statutory lease extensions of houses and flats, community housing leases and home finance plan leases. The LRGRA 2022 will not apply to leases granted under contracts entered into prior to the commencement of the Act, unless in accordance with an option or right of first refusal."[1] [0] https://nationalleaseholdcampaign.org/leasehold-reform-broken-promises/ https://nationalleaseholdcampaign.org/leasehold-reform-broke... [1] https://www.keystonelaw.com/keynotes/the-end-of-residential-ground-rents-comes-into-force-on-30-june-2022 https://www.keystonelaw.com/keynotes/the-end-of-residential-...