fromwww.bbc.com
3 days agoWhat is ground rent and how are leasehold rules changing?
There are around five million leasehold properties in England and Wales, of which 70% are flats. At the moment, the freeholder of a property generally owns the building and the land beneath it, outright and forever. Leaseholders effectively buy the right to live in the property for a fixed period of time. Leasehold flats are found in all sorts of properties - from converted Victorian houses to purpose built skyscrapers - and tend to be concentrated in big cities.
Real estate