The government is expected to accelerate plans to cap ground rents at £250, with the measure now likely to be introduced in late 2027, a year earlier than previously anticipated.
The revised timetable follows growing pressure from Labour MPs and recommendations from the Housing, Communities and Local Government Committee, which recently urged ministers to implement the reforms as quickly as possible. See report.
The proposed cap forms part of the Ggovernment’s wider programme of leasehold reform and is intended to reduce costs for leaseholders facing ongoing ground rent liabilities.
A draft Bill was published in January, with final legislation expected to be introduced before Parliament rises for the summer recess in July.
If enacted, the changes would affect millions of leaseholders across England and Wales and represent one of the most significant interventions in the leasehold sector in recent years.
A spokesperson for the Ministry of Housing, Communities and Local Government said the reforms are expected to save leaseholders thousands of pounds over the lifetime of their leases.
Doubt if any leaseholder gets to realise the full benefits of the savings here unless your name is Yoda !
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Bringing it forward one year is relatively. Meaningless for leaseholders, when freeholders get to keep the money coming in from leaseholders for another 40 years! That’s a further £10,000 from every leaseholder. I wonder if the 2028 date was simply a ruse to try to make Labour popular with leaseholders when they ‘react to pressure’ and bring it forward.
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