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1️⃣ End to ground rents 🏢

➡ Confirmation of leasehold reform, which will put an end to future ground rents
➡ Note: does not extend to those who already own leasehold property

2️⃣ New Building Safety Regulator 🦺

➡ As part of the Building Safety Bill, a new regulator for building safety will be established

3️⃣ Planning reform and homeownership 🏗

➡ A new Planning Bill to simplify and speed up planning whilst making it harder for homeowners to block new housing schemes
➡ Result in more house building
➡ Emphasis must be in more affordable areas

4️⃣ Renters' Reform ⚖

➡ Reforms to Tenancy law to abolish Section 21 and the 'lifetime' deposit scheme will be published later this year
➡ White Paper detailing the entire reform package will be published in the Autumn

Read more about it, here.

🙋‍♀️ For more information on the property market, contact our expert team 🦹‍♀️🦸‍♂️


Posted 12 May 2021
by Ali Baylav Managing Director Cavendish Residential

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