Conveyancing Costs & Procedure
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Ground Rent Reform
The Leasehold Reform (Ground Rent) Act 2022 which is introducing changes to the purchase of residential leasehold properties will come into force on 30 June 2022. The Act is limiting the ground rent chargeable on most new, qualifying long residential leaseholds in England and Wales. The ban will put an end to increasing annual costs […]
Commercial Rent Arrears Update
It is hard to forget the restrictions that we all faced from March 2020 as a result of the pandemic. One specific to commercial landlords was the prohibition from forfeiting leases for non-payment of rent. This was the case until 24 March 2022 when that restriction ended. Many commercial landlords will now be keen to […]
Ministry of Justice Set for Windfall with 4.1% Real Terms Increase
The 2020/2021 COVID-19 pandemic has had a marked impact on an already over-stretched and back-logged legal system. The government has now committed to increasing the budget from £8.4bn to £10.1.bn by 2025. According to the Treasury, the money will be used to reduce the court backlog, as well as increase the number of people who […]