Ground rent cap timeline brought forward
The £250 cap is now expected to come into play in late 2027, a year sooner than previously planned.
New consultation pitches five options to cap ground rents for existing leaseholders
Michael Gove wants opinions on how best to change the ground rent system 'so leaseholders are not exploited any longer and can take back control of their own destiny.'
Ground rent ban comes into force in June
"This is an important milestone in our work to fix the leasehold system and to level up home ownership," says the Leasehold Minister, Lord Stephen Greenhalgh.
Government looks to ‘switch on’ leasehold reform measures
Amongst other things, the latest consultation sets out a plan for more transparency over service fees, and mandatory regulation for managing agents.
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Ground rent cap timeline brought forward
The £250 cap is now expected to come into play in late 2027, a year sooner than previously planned.