Big change to leasehold rules from next week and could save homeowners £3,000 HUGE changes to the rules around how leasehold properties are managed will kick in from next week in great news for homeowners.
Matthew Pennycook, housing and planning minister, said: “Our modernisation of the system sits alongside further reforms to improve the lives of leasehold homeowners across the country, allowing them to more easily and cheaply take control of the buildings they live in and clamp down on unreasonable or extortionate charges.".
The government is pushing through reforms that will allow more people who own leasehold homes to take control of the property's management.
The new rules form part of the Leasehold and Freehold Reform Act 2024 and will be introduced next week, with them set to come into force from March 3 this year.
But the new changes, which are being fast-tracked so they come in earlier than expected, will give homeowners more rights to take over management of their property from these third parties.
