A group of MPs is calling on the government to introduce an earlier timeline for a proposed £250 cap on ground rents paid by leaseholders to freeholders. The MPs, speaking through a committee, say leaseholders have been waiting too long for government action to address the issue. They are urging the government to bring forward the measure so it is introduced by the end of next year, rather than leaving the change to a later date. The proposals target the ground rent charges that leaseholders pay under their lease arrangements, which critics say can create long-term costs and uncertainty. The MPs’ position is that a clear and earlier cap would provide more timely protection for leaseholders. The government has not set out in the coverage provided here what steps it will take or whether it will meet the proposed deadline, but the MPs are pressing for accelerated delivery of the policy.
MPs urge government to bring forward £250 cap on leasehold ground rents
A group of MPs is calling on the government to introduce an earlier timeline for a proposed £250 cap on ground rents paid by leaseholders to freeholders. The MPs, speaking through a committee, say lea...
- MPs are urging the government to speed up implementation of a £250 cap on leasehold ground rents.
- The MPs call for the cap to be introduced by the end of next year.
- The MPs say leaseholders have been waiting too long for action on ground rents.
- The issue concerns ground rent payments leaseholders make to freeholders under lease terms.
A group of MPs are urging the Government to introduce a cap on the ground rent leaseholders pay freeholders by the end of next year.
3 months agoA committee of MPs says leaseholders have been waiting too long for governments to tackle the issue.
3 months ago
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