0
Leasehold charges to be capped at £250 rather than cut to zero: Report – Mortgage Strategy
(www.mortgagestrategy.co.uk)
Last year Gove called the leasehold system a “feudal system that needs to go”.
However, the Treasury has come under pressure from pension and insurance funds, to argue that this policy should be watered down.
Several funds have invested heavily in ground-rent portfolios and an internal Treasury analysis suggests that up to £37bn of investment could be wiped out, which may lead to compensation claims aimed at the government.