Dunno why, but I'm up on a rainy Sunday reading about leasehold and ground rent reform in the UK.
Strangely, the CONs are hostile to the idea of a kind of Eldritch Giga-Landlord who Really Owns your house and might be able to repo it from your great-grandchildren in two centuries, I guess because it's a kind of terrifying, antediluvian inequality that shatters the idea of pulling yourself up by your bootstraps. But, because so much money is wrapped up in being a Landlordlord (freehold portfolios), they have to be quite delicate about it.
In 2022, they put up a bill which, among other things capped ground rent for new leases to an actual peppercorn per year, because an offering is still necessary to remind the law spirits who Really Owns the property.
Imminently however, the Giga-landlords have started to stir beneath the waves, and the government seems set to puss out and cap it at £250 a year instead, who knows.
