Leasehold Reform - Question

Part of the debate – in the House of Lords at 11:18 am on 23 March 2023.

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Photo of Lord Campbell-Savours Lord Campbell-Savours Labour 11:18, 23 March 2023

My Lords, have Ministers noted the large number of leasehold ground rent investments on property auction sites, as landlords, aware of potential changes in the law affecting valuations, offload their leasehold ground rent investments? Innocent non-professional buyers, ignorant of potential changes in the law, are now buying them—caveat emptor—placing themselves at risk of substantial loss. Should government not consider secondary legislation which would alert an innocent market to the dangers of buying these leasehold ground rent investments?