Barratt Developments has eliminated ground rents on new developments, it has been reported this week
Barratt Developments has eliminated ground rents on new developments, it has been reported this week.
Barratt, the UK’s largest housebuilder, is also reportedly to offer 999-year leases on new-build flats, according to the Independent newspaper.
Campaigners have welcomed the news, increasing their hope that this will end the ground rents industry – though it seems existing Barratt home leases will not have ground rent removed.
Beth Rudolf, director of delivery at the Conveyancing Association, commented: “Without seeing the Barratt’s lease, it is difficult to make a quick judgement.
“However it is clearly positive they are already taking the lead on the recommendations in t...
