Affluent millennials targeted by UK property

Spotting a chance to generate income, institutional investors such as pension funds have taken to developing blocks of professionally run rental homes across the UK to compete with the part-time landlords who have traditionally dominated the country’s £1tn rental sector. While politicians have broadly welcomed the prospect of greater institutional ownership in the private rental market, other people...

Leaseholds on new-build houses to be banned

Leaseholds on new-build houses to be banned

Builders are to be banned by the government from selling houses as leasehold in England and ground rents on flats could be cut to zero following widespread outrage over exploitative contracts. In a blow for major housebuilders such as Taylor Wimpey and Persimmon, the communities secretary, Sajid Javid, will set out plans on Tuesday to “ban new-build houses being sold as leasehold as well as...

Compare listings