What specific leasehold reforms are being considered by MPs and what is the timeline?
Quick Answer
New legislation, the Leasehold and Freehold Reform Act, passed in 2024, abolishes marriage value, caps ground rent on new leases at a peppercorn, and makes lease extensions cheaper, reducing costs and increasing leaseholder powers. Further reforms are under consultation to cap ground rents on existing leases.
About This Topic
The Leasehold and Freehold Reform Act (2024, effective 2025) significantly changes UK property. It includes cheaper lease extensions, removes marriage value, and bans new leasehold houses. Future 2026/27 reforms may cap existing ground rents at £250.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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