How about an actual cap on rent so people can afford to live in this godforsaken country
While there’s still issues with renting and being able to buy in this country, this is a good step towards something good.
Won’t this just be absorbed by new ‘service charges’ ?
good, a step in the right direction. next, fix council tax.
> Announcing the cap in a TikTok video, Prime Minister Sir Keir Starmer said…
This has irrationally triggered me. Since when did official business start being announced over fucking tiktok?
This is a good compromise, even with the annoying 40 year delay for reduction to peppercorn and proposed two years to pass.
Above £250 and it’s difficult to get a mortgage outside London (£1,000 in). The 40 years helps “pension funds” that use it as reliable income but this is likely a small amount overall, think they could have been more aggressive.
They also need to tackle the scam where leaseholders take a commission from buildings insurance.
This sub never changes.
Good news, but still what about this other thing.
Previous government did absolutely nothing about this or anything else for 14 years.
Isn’t ground rent often peppercorn anyway? The article even said median ground rent is £120 a year before it was edited to give the average instead.
8 comments
How about an actual cap on rent so people can afford to live in this godforsaken country
While there’s still issues with renting and being able to buy in this country, this is a good step towards something good.
Won’t this just be absorbed by new ‘service charges’ ?
good, a step in the right direction. next, fix council tax.
> Announcing the cap in a TikTok video, Prime Minister Sir Keir Starmer said…
This has irrationally triggered me. Since when did official business start being announced over fucking tiktok?
This is a good compromise, even with the annoying 40 year delay for reduction to peppercorn and proposed two years to pass.
Above £250 and it’s difficult to get a mortgage outside London (£1,000 in). The 40 years helps “pension funds” that use it as reliable income but this is likely a small amount overall, think they could have been more aggressive.
They also need to tackle the scam where leaseholders take a commission from buildings insurance.
This sub never changes.
Good news, but still what about this other thing.
Previous government did absolutely nothing about this or anything else for 14 years.
Isn’t ground rent often peppercorn anyway? The article even said median ground rent is £120 a year before it was edited to give the average instead.
It’s service charges that are the real killer.