Rob recaps the key points from the recent King's speech, focusing on housing-related announcements. The first major point is the introduction of a new leasehold and freehold bill, which will ban leaseholds for new houses in England and Wales. Additionally, the standard lease extension period will be increased to 990 years. Rob talks about the potential benefits of these changes, such as providing clarity and security for homeowners.
"I do think banning leaseholds for new homes is probably a good thing."
"It's tidying up the system a little bit... You've added value and you've got a bit more of a long-term security when it comes to that flat."
"The Renters Reform Bill, it will come into law at some point... but it will only come into force after reforms to the court system."
"From a landlord's point of view, it's an absolute pain in the backside."
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
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