Ground Rent

Department for Levelling Up, Housing and Communities written question – answered at on 19 April 2024.

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Photo of Andrew Lewer Andrew Lewer Conservative, Northampton South

To ask the Secretary of State for Levelling Up, Housing and Communities, whether he plans to compensate (a) institutional investors and (b) pension-holders for loss of income as a result of his Department’s proposed cap on ground rents.

Photo of Marsha de Cordova Marsha de Cordova Labour, Battersea

To ask the Secretary of State for Levelling Up, Housing and Communities, whether it remains his policy to introduce a cap on ground rents to a peppercorn value.

Photo of Ian Byrne Ian Byrne Labour, Liverpool, West Derby

To ask the Secretary of State for Levelling Up, Housing and Communities, if he will make an assessment of the potential merits of capping ground rents on leasehold homes at nominal rates.

Photo of Lee Rowley Lee Rowley Minister of State (Minister for Housing)

The Government recently consulted on a range of options to restrict ground rents for existing leases. Alongside the consultation we published a consultation impact assessment, assessing the expected costs and benefits of each of the policy options. This can be found here: Consultation impact assessment - modern leasehold: restricting ground rent for existing leases - GOV.UK.

We are carefully considering the responses we have received and will set out next steps due course.

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