Leaseholders could ‘save thousands of pounds’ under new government reforms

The lease extension process is set to change.

Around 4.5 million leaseholders in England will be given a new right to extend their lease by 990 years at zero ground rent, under new reforms announced by the Government.

Retirement properties will be included under these changes, despite the government previously saying they would be excluded.

In February 2015, ULS Technology plc (LON:ULS) took a 35% share in HomeOwners Alliance, a website offering information and services to UK homeowners and prospective homeowners. Gresham House Strategic PLC (LON:GHS) has a 6.56% stake in ULS Technology.

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