Leasehold reform | 990 year lease extension | Ground rent and marriage value abolished

I discuss major reforms the Government plans to make to the housing market and leasehold system. The changes include abolishing ground rent on new leases, 990 year lease extensions and abolishing marriage value. These reforms are not yet law but will have major implications for new build and existing leasehold properties.

CONTENT
Intro 00:00

990 year lease extension 01:34
- Leasehold houses 02:50
- Online lease extension calculator 04:25
Ground rent abolished for new leases 05:46
- Help to Buy changes 07:41
Marriage value abolished 09:26
When and how will these changes be implemented? 12:09
Outro 13:42

RESOURCES USED/DISCUSSED
Lease extension process - https://youtu.be/7V3aaQXJF6I
Government press release - https://www.gov.uk/government/news/government-reforms-make-it-easier-and-cheaper-for-leaseholders-to-buy-their-homes?fbclid=IwAR0Kk9fYo5sRKWF4nysZfanETVrkqXA8BzO7Oqmiodkl__rfS5g1tV8kiHE

ABOUT ME
I'm Lemuel. I'm not a financial advisor. I'm not an expert. I'm just a regular guy that enjoys talking about how we can do better with money.
If you want to learn more about how you can do better with money, then subscribe to the channel and hit the notification bell so you get an alert whenever I upload a video.

TOPICS
leasehold scandal, leasehold reform, 90 year lease extension, 50 year lease extension, marriage value, 990 year lease extension, statutory lease extension, ground rent, help to buy changes, help to buy scheme, leasehold houses, leasehold homes, leasehold flats, modern ground rent, ground rent abolished, married value abolished, peppercorn ground rent
DISCLAIMER
This video is not meant to address the specific circumstances of any particular individual. It is created for educational purposes only. You should not rely upon it as legal, financial or professional advice, or a substitute for it. I do not accept any liability whatsoever for errors, omissions or misstatements contained therein. You should consult a suitably qualified professional if you require specific advice or information.

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