Money Tips Daily by Charles Kelly, former IFA and author of

Labour has unveiled a bold new Leasehold Reform Bill that proposes capping groundrents at just £250 per year from 2028 and banning new leaseholdsaltogether. The move is designed to tackle one of the most controversial partsof the UK housing market — the expensive and often unfair system of leaseholdproperty ownership that has left thousands of leaseholders burdened withhigh ground rents and excessive service charges. Watch video version: https://youtu.be/_i46hP5oGTw Undercurrent arrangements, many leaseholders struggle with spiralling ground rentsthat escalate over time, plus unpredictable service charges. Critics argue thismirrors a feudal system and traps homeowners in long leases that erodethe value of their homes. Labour claims the new bill will make it simpler forleaseholders to transition to commonhold, a form of ownership akin tofreehold where residents collectively own and manage their building. Labour’sproposals are intended to bring greater fairness and transparency. Byrestricting future ground rents to a nominal £250 and preventing new leaseholdtitles, the bill aims to end the creation of leaseholds and protect futureproperty buyers. More controversially, the legislation encourages — but doesnot fully mandate — existing leaseholders to convert to commonhold. This raisespractical questions about how leaseholders with different lease lengths can allswitch. Critics warn that without compulsory mechanisms and clear valuationrules, many families may still find it difficult or prohibitively expensive tomake the change. Anotherkey debate centres on how the reforms will affect freeholders’ asset value.Freeholders range from private owners to institutions and estates withsignificant property portfolios. For example, the Duke of Westminster’sestate, which holds high-value freeholds in Mayfair and Belgravia,could see the future value of those assets reduced if new leaseholds can nolonger be created and if conversions proceed without compensation mechanisms. WillLabour’s Leasehold Reform Bill slash asset values for major freeholders,or will it, like the 2025 Conservative Leasehold Reform Act, simply“paper over the cracks” of a broken system? The effectiveness of the bill willdepend on detailed implementation, protections for existing leaseholders, andthe legal frameworks that govern commonhold conversions. For many leaseholders,hope remains that meaningful reform could finally deliver a fairer propertymarket. Why Invest in Gold and Silver?   See full video - https://youtu.be/or-8kiTZZxM   See my interview with Josh Saul, gold expert, discussing the merits ofincluding precious metals in your portfolio. Click here https://pure-gold.co/charles-kellyfor a free gold, investment report, and discovery call. For a free gold, investment report, and Discovery Call,click here.   https://pure-gold.co/charles-kelly   Where to find me: Money Tips website:https://moneytipsdaily.com/ YouTube Channel:https://www.youtube.com/channel/UC2tLUxod264Qy0gPntvx6Eg Money TipsFacebook Community: https://www.facebook.com/groups/No1businessopportunities LinkedIn:www.linkedin.com/in/charles-kelly-ba-cmgr-fcmi-b5300a2   #GoldVsSilver #BuyGold #BuySilver #PreciousMetals #InflationHedge#SafeHavenAssets #GoldPrice #SilverPrice #WealthProtection#FinancialUncertainty #MoneyTips #CharlesKellyMoneyTips#leaseholdreform#property #commonholdflats #groundrentcap #money #propertyinvestment