Latest property news
Unsettled question on leases could affect the timing of ground rent cap
The UK Government is seeking evidence on whether a small group of residential leases, known as quid pro quo, should be exempt from its proposed annual ground rent cap. The Draft Commonhold and Leasehold Reform Bill, which is due to be introduced to Parliament in autumn 2026, will cap ground rents on most existing residential long leases at £250, before reducing them to a peppercorn—effectively zero—after 40 years. However, the Ministry of Housing, Communities and Local Government (MHCLG) is considering different treatment for specific cases.
Welsh housing support extended to March 2027
Schemes designed to help people buy and renovate homes are expected to help up to 400 additional households purchase new-build properties and support bringing as many as 300 long-term empty homes back into use. Mortgage assistance will also remain available to eligible existing homeowners experiencing financial difficulty.
Higher-risk building reforms aim to make safety processes more proportionate
Two linked announcements are intended to reduce unnecessary delay, complexity and cost within England’s higher-risk building regime. One will change how occupied buildings are assessed, while the other could allow a wider range of urgent safety work to proceed without prior approval.