Leases Can Seriously Damage Your Wealth: Leases of Flats in England and Wales

The worm is turning! For years, Leaseholders of Flats have suffered under current Landlord and Tenant legislation and practices – owning a Lease has been an expensive exercise for many (over which they have had little control), when they had no idea of the potential issues they were facing when they bought their Flat. The Government have now recognised this and have committed to a substantial reform of such legislation (starting with zero Ground Rents for new Leases). Lenders have also reco...