How will a Labour Government Impact Landlords? | TitleSplit.com
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What does a Labour Government mean for Landlords & Developers? In this video, we explore the potential changes and impacts on landlords now that the Labour Government has come into power. From Section 21 and Leasehold Reform to Commonhold, we discuss what landlords need to know to stay informed and prepared. Subscribe for more videos on the property market!
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Chapters -
0:00 - Intro
1:30 - Section 21
3:18 - Leasehold Reform
4:10 - Commonhold
6:46 - Outro
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Artist: tubebackr
Track: Miracle Land @tubebackr • Miracle Land - Tubebac...
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Пікірлер: 4
thanks useful info
@titlesplit
20 күн бұрын
We're glad you found the information useful. Don't forget to subscribe for more updates!
So in this case I can go and purchase a penthouse flat in central London for about 400k which currently has about 10 years lease left and during my ownership, before those 10 years passes the commonhold law will be introduced and my 10 year lease will be extended to 990 years. The only reason of those more affordable apartments in central London is because they have 10 or less years left on lease and I've been told it costs 600k to a million to extend those leases. How is this going to work?
@titlesplit
20 күн бұрын
These massive values are linked to something called marriage value. This is where the huge value added by extending the lease is shared between you and the freeholders. We do not have a crystal ball and I cannot say whether you would get this extension for free. What I can say though is that when you extend it no, the extension period will be 990 years.