Daniel Chard from Bird and Co. discusses the recent leasehold reforms and what this may mean for the future of home ownership.
Leaseholders in buildings over 18 metres will pay nothing towards remediation while those in shorter buildings will be offered loans.
£22 million of the Waking Watch Relief Fund will be targeted at the eight cities in England with the most unsafe high-rise buildings.
The new expectation will apply to all shared ownership homes delivered through London’s £4 billion 2021-26 AHP.
The changes will make home ownership ‘fairer and more secure’ and save leaseholders thousands of pounds, the government said.