Communities secretary says new rules will invent extending or buying a freeholdLeaseholders are to be freed from “feudal practices” in the property market,according to the government minister responsible for housing, with new rules to invent extending a lease or purchasing a freehold “much easier, and faster and cheaper”.
Sajid Javid,the communities secretary, also said the government would fade ahead with a ban on leaseholds on new-build houses first announced in July, and will force developers to cut controversial ground rents to zero for all new apartments and houses.
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Source: guardian.co.uk