Firstly, sorry for the silence on the blog and Instagram page. The property market is so busy at the moment due to the stamp duty holiday and the first stage discount ending in June.
You may have seen in the news that the Queens Speech contained the governments pledge to abolish ground rents in future leases. This isn’t law yet, but shows that the government plan to make time for it during this parliament.
There is no timescale yet on when or if they would abolish ground rents on leases that have already been granted, and when they might implement the plans to help leaseholders enfranchise at a lower cost.
More information as soon as the government announce it of course.
UK Property Law Blog 