Leasehold: Fees and Charges

(asked on 10th March 2021) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, what progress he has made on removing onerous ground rents for existing leaseholders.


Answered by
Eddie Hughes Portrait
Eddie Hughes
This question was answered on 15th March 2021

The Government has set out a package of measures to tackle unfair practices in the leasehold market and promote transparency and fairness for both leaseholders and freeholders. We will bring forward legislation in the upcoming session to set future ground rents to zero.

We understand the difficulties and frustrations for existing leaseholders who are unhappy with the ground rent they are required to pay and feel their leases should be changed. We are pleased that the CMA is taking enforcement action in relation to two key issues. First, to tackle certain instances of mis-selling of leasehold property. Second, to address the problems faced by homeowners from high and increasing ground rents. The Government is keeping a close eye on this issue and will consider any next steps once the CMA have progressed their enforcement action.

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