Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, with reference to para 1.12 of his Department's consultation entitled Modern leasehold: restricting ground rent for existing leases, which closed on 17 January 2024, whether he has made an assessment of the potential impact of capping ground rents at a peppercorn on the pensions industry.
Government has consulted on a range of options to restrict ground rent in existing leases and asked questions about the effects of these proposals. We received a significant number of responses from a variety of sources. A consultation impact assessment has been published and can be found at: Consultation impact assessment - modern leasehold: restricting ground rent for existing leases.
That consultation closed on 17 January, and Government is currently analysing the responses before taking a decision on how to restrict ground rents through the Leasehold and Freehold Reform Bill.
In line with the practice of successive administrations details of internal discussions are not normally disclosed.