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Speed up £250 cap on leasehold ground rent, MPs urge
Key takeaways
- A planned £250 cap on yearly ground rents paid by leaseholders in England and Wales should be introduced more quickly, a committee of MPs has urged.
- The government has said it expects the limit on ground rents - an annual fee paid by leaseholders to their freeholder - to come into force in late 2028.
- The government said it was bringing forward legislation "as an urgent priority" to bring the leasehold system to an end in this Parliament - which could run until 2029.
Why this matters: a developing story that could shape the day's news cycle.
Becky Morton Political reporter Getty Images. A planned £250 cap on yearly ground rents paid by leaseholders in England and Wales should be introduced more quickly, a committee of MPs has urged.
The government has said it expects the limit on ground rents - an annual fee paid by leaseholders to their freeholder - to come into force in late 2028.
However, a report by the cross-party Housing, Communities and Local Government Committee said this should be brought forward to late 2027, arguing leaseholders have waited too long for successive governments to tackle the issue.
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