top of page
  • Land Registry Online

Ground Rent Abolition: When Will it Happen?

Updated: Sep 17, 2023


 
A house with a tree


The Ground Rent Controversy: What You Need to Know


Ground rent has been a contentious issue in the UK for many years. The practice of charging homeowners for the right to occupy the land on which their homes are built has come under increasing scrutiny in recent times. This has led to calls for ground rent to be abolished altogether.



The Case for Abolishing Ground Rent


Many argue that ground rent is an outdated and unfair practice that puts an unnecessary financial burden on homeowners. Critics say that it serves no real purpose and that it can actually discourage people from buying homes in the first place.



The Government's Position on Ground Rent


The government has taken steps to address the ground rent issue in recent years. In 2017, it announced plans to ban new leasehold houses and restrict ground rents on new leasehold flats to zero. However, this does not address the issue of existing leases and the ground rent they require.



The Future of Ground Rent Abolition


If you are concerned about ground rent and its impact on your finances, there are several things you can do. Firstly, you can join the campaign to abolish ground rent and add your voice to the growing chorus of people calling for change. You can also seek advice from a legal professional if you are unsure about the terms of your lease or the implications of ground rent.



What You Can Do About Ground Rent


If you are concerned about ground rent and its impact on your finances, there are several things you can do. Firstly, you can join the campaign to abolish ground rent and add your voice to the growing chorus of people calling for change. You can also seek advice from a legal professional if you are unsure about the terms of your lease or the implications of ground rent.



Ground Rent Abolition is Coming


While we may not know exactly when ground rent will be abolished, it is clear that change is coming. The ground rent controversy has sparked a national debate and has put pressure on the government to take action.



Summary


Leverage our Title Register service to access vital information about your property and navigate leasehold reforms confidently. Empower yourself with knowledge and protect your rights as a leaseholder. Simply select the desired documents, complete your details, and you will receive your documents by email within a few hours.



You may also be interested in:

59 views

Recent Posts

See All

Exploring Tenancy in Common and Joint Tenancy

What is Tenancy in Common? Tenancy in common refers to a type of co-ownership where multiple individuals hold equal or unequal shares in a property. Each owner has the right to possess and use the ent

Expert Land Registry NI Services by Land Registry Online

Fast and Secure Land Registry NI Searches When it comes to accessing reliable land registry records in Northern Ireland, speed and security are paramount. At Land Registry Online, we offer top-of-the-

Kommentare


bottom of page