Housing: Leasehold Debate
Full Debate: Read Full DebateDepartment: Ministry of Housing, Communities and Local Government
Lord Bourne of Aberystwyth
Main Page: Lord Bourne of Aberystwyth (Conservative - Life peer)Department Debates - View all Lord Bourne of Aberystwyth's debates with the Ministry of Housing, Communities and Local Government
(4 years ago)
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Lord Greenhalgh (Con)
My Lords, the noble Lord is a very wise man. I cannot give him any particular position on enfranchisement today, but it is important that we take these points into consideration before we adopt a formal policy position.
Lord Bourne of Aberystwyth (Con) [V]
My Lords, I declare my interests as set out in the register. I very much welcome the Government’s commitment to acting in this area and I hope that it happens soon. As part of that action, will the Government also look at existing ground rent charges, some of which are set at unconscionable levels?
Lord Greenhalgh (Con)
My Lords, I assure my noble friend that some of the “fleecehold” practices that we have seen around ground rent escalations are absolutely abhorrent. That is one of the things that the Competition and Markets Authority is looking at, and I take my noble friend’s point very seriously indeed.