Leasehold and Freehold Reform Act 2024

[@mariemclaughlan5404]

Thank you for making it much clearer now I understand, as I have a leasehold flat.

[@jgreen5820]

Excellent video, thank you. I always find your presentations very clear. It would be good if you could please do a video re rights re retirement flats, especially those that have under a 100 year lease and also have service charges. They are very difficult to sell just now if they have under a 100 year lease left, for example some older Churchill flats. I've known some of those flats reduce in value by tens of thousands of pounds. Their newer flats have longer leases but some folk are quite stuck, especially family who inherit the flats and then find they cannot sell. It would be helpful to know if this law helps them. Many thanks.

[@lewistjj]

How about right to manage? What is in it for leaseholders?

[@mrretired2715]

Can you do more vids on scenarios. Great vid

[@goodgood9955]

Do you think Angela Rayner wants to see me extend the lease of my ex-council flat to 999 years?

[@PaulArcher]

You coudl always ask her direct - I hear she's very nice and receptive

[@bye-72]

You can’t extend your lease by 990 years yet. This still isn’t law, my lease is 82.5 years, I’m extending my lease by 90 years now. This could still take years to come through.

[@PaulArcher]

You may be right - we're all waiting for our current government to take action on many things

[@bye-72]

@@PaulArcher unfortunately I trust labour to do anything right.

[@Dpul945]

Is this really law yet I’ve read that it’s an act and still needs legislation to be passed

[@PaulArcher]

I'm not sure anyone really knows!

[@joco2826]

But how many years will the government & opposition debate this & kick the can down the road before this actually becomes active legislation???

[@PaulArcher]

Just like Long Term Care provision :-)

[@ebbs0000]

3 to 4 maybe 5 before the next election

[@THEFASHIONPHASE]

I thought they scraped ground rent abolishment and capping?

[@PaulArcher]

We'll wait and see shall we - all in flux

[@joehart7260]

I'm also not sure if it's law yet, I heard it has to be actually switched on or something, but that was under the last government. I don't know how this Labour government will act, they are more focused on social housing and helping people on benefits than anyone who has assets who they view as liable for tax.

[@PaulArcher]

You could be right Joe. Many things are up in the air at the moment

[@Shandybrother]

Does existing ground rent prior to this law continue?

[@PaulArcher]

Seek the advice of a property lawyer for this one

[@DB-kv5mb]

Number 6, I think you should make clear, only new leaseholders get peppercorn rent. Existing leaseholders still have to pay it.

[@piercoucy]

The only reason they are changing the law is for the benefit of builders. If this was a serious, honest channel, you would say the truth: leasehold is immoral and medieval. You probably are an investor. Rubbish video, with no important information.

[@PaulArcher]

You are entitled to your own opinion Pier, I respect that, I am not an investor and do not wish to offer opinions on law and property tenure or get involved in political decisions, that's not my intention. I'm just reporting the changes in a manner for students to understand.