Leaseholder Reform Explained 2022 | Ground Rent & Marriage Value GONE!
Channel: Financial Madness
Date: 2022-08-07

Leaseholder Reform Explained 2022 
It was announced in 2021 that the leasehold reform would be tackled through two pieces of legislation. The first is:
- The Leasehold Reform (Ground Rent) Act 2022: which has now come into force as of the 30th June 2022

And the second piece which doesn't actually have a name yet (let's call it)
- "Future Legislation":  which is suggested to be introduced in 2023/2024. And it covers the following
Marriage Value Abolished
Leasehold Extension
Government Leaseholder Calculator
Collective Enfranchisement and Commonhold

Chapter Information (How to Green Invest):
0:00 Introduction
0:37 What is a Leasehold?
1:44 What are the Reforms?
2:27 The Leasehold Reform (Ground Rent) Act 2022
5:24 Marriage Value Abolished
6:05 Leasehold Extension
6:49 Government Leaseholder Calculator
7:27 Collective Enfranchisement and Commonhold
8:09 Final Thoughts

🔹 The Leasehold Reform (Ground Rent) Act 2022 Publication: https://www.gov.uk/government/publications/the-leasehold-reform-ground-rent-act-user-guidance/leasehold-reform-ground-rent-act-2022-guidance-for-leaseholders-landlords-and-managing-agents

🔹Leasehold Knowledge Partnership: https://www.leaseholdknowledge.com/

🔹 Which.com: https://www.which.co.uk/news/article/to-have-or-to-leasehold-inside-the-scandal-rocking-the-new-homes-industry-ayANH8S8RvIq

🔹CompareMyMove: https://www.comparemymove.com/advice/conveyancing/extending-a-lease-cost

DISCLAIMER - Any advice or (statements perceived to be advice) given in this video and any other videos on my channel are for information purposes only, and do not act as financial advice.  You are fully responsible for your financial decisions. If you are in need of Financial Advice, please seek out a professional advisor. If you are unsure how to do this, feel free to reach out to me and I am more than happy to guide you.

#Leasehold #LeaseholdReform #GroundRent #MarriageValue