Homeowners get right to extend leases to 990 years with zero ground rents
Leaseholders in England and Wales will be given the right to extend their lease by up to 990 years and pay no ground rent under major changes that the government said would save some households tens of thousands of pounds and make homeownership “fairer and more secure”.
The changes follow an outcry several years ago when it emerged some flats and houses had been sold with clauses that meant ground rents would rise dramatically in later years.
