Commonhold and Leasehold Reform

James Asser Excerpts

Tuesday 27th January 2026 Commons Chamber

[Matthew Pennycook]

My hon. Friend has been an incredible champion for residential freeholders and leaseholders in his constituency. It is precisely because of ground rent increases of that scale that we are imposing, via this draft Bill, a maximum cash cap. I am more than happy to meet him to discuss the draft Bill and related matters.

[James Asser (West Ham and Beckton) (Lab)]

I declare that I am a leaseholder. Correspondence from leaseholders in my constituency, which makes up a lot of my inbox, mentions poor service, rising charges and homes that they can no longer remortgage or sell, causing financial difficulty. They will very much welcome today’s announcement, but will the Minister reassure them that the Government will rise to all the challenges that they face, swing the balance of power back towards homeowners, and tackle the real problem of service charges, through which leaseholders are being fleeced for poor-quality services that are often not even delivered?

[Matthew Pennycook]

I absolutely agree with my hon. Friend. His constituency is just over the river from mine, and is, in many ways, very similar. Day in, day out he will receive, as I do, complaints about service charge increases and onerous ground rent terms. That is precisely why we are taking action, in this Bill and elsewhere, to provide the kind of relief that he seeks for leaseholders. As I said, over the course of this Parliament we will end the system for good.