Loveitts are now able to accept payments via our website www.loveitts.co.uk. The online facility gives the opportunity for any rent, deposits or outstanding invoices to be settled 24 hours a day, 7 days a week. Debit cards and credit cards are accepted, although a 2.5% charge will be added to credit card transactions.
The Leasehold Reform (Ground Rent) Act 2022 effectively abolishes ground rents under new long residential leases (i.e., leases with a term of more than 21 years) that are granted for a premium. The Act received Royal Assent on 8 February 2022 but has not fully come into force yet. It forms a vital part of the Government's agenda for leasehold reform is described as part of the most significant changes to property law in a generation.