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Written question asked by Mike Penning (Conservative) on Wednesday, 15 May 2024, in the House of Commons. It was due for an answer on Friday, 17 May 2024. It was answered by Lee Rowley (Conservative) on Thursday, 23 May 2024 on behalf of the Department for Levelling Up, Housing and Communities.

Leasehold: Ground Rent

Question

To ask the Secretary of State for Levelling Up, Housing and Communities, when he plans to publish a response to his Department's consultation entitled Modern leasehold: restricting ground rent for existing leases, published on 9 November 2023.

Answer

The Government recently consulted on a range of options to restrict ground rents for existing leases. We asked questions about the impacts of the options on different stakeholder groups and how a cap would work in practice. This included questions on how freeholders use ground rent currently, and whether there are costs that freeholders meet through ground rent which are more appropriately suited to the service charge.

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

Secondary information

Type
Written question
Reference
26378
Session
2023-24
Grouped for answer
Yes
Subjects
Leasehold Ground rent Public consultation
Link
View this Written question on www.parliament.uk