Written question asked by Robert Goodwill (Conservative) on Wednesday, 17 March 2021, in the House of Commons. It was due for an answer on Monday, 22 March 2021. It was answered by Eddie Hughes (Conservative) on Friday, 26 March 2021 on behalf of the Ministry of Housing, Communities and Local Government.
Housing: Older People
- Question
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To ask the Secretary of State for Housing, Communities and Local Government, what assessment his Department has made of the potential effect on purchase prices of specialist retirement properties in the event that ground rents are abolished for those properties.
- Answer
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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 restrict ground rents on newly created leases to a peppercorn (zero financial value). This will be the first part of seminal two-part legislation to implement reforms in this Parliament. In line with usual practice, the government’s intention would be to publish an impact assessment on our leasehold reforms as part of taking primary legislation through Parliament.
Secondary information
- Type
- Written question
- Reference
- 170569
- Session
- 2019-21
- Subjects
- Housing Ground rent Older people Prices Sales
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2021-03-26 12:21:12 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/170569
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/170569
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/170569