Leasehold: Reform

(asked on 10th February 2022) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what steps he is proposing to bring existing leasehold and ground rent contracts into line with his current leasehold reform plans.


Answered by
Eddie Hughes Portrait
Eddie Hughes
This question was answered on 25th February 2022

We are taking forward a comprehensive programme of reform to end unfair practices in the leasehold market. The Leasehold Reform (Ground Rent) Act will put an end to ground rents for most new residential leasehold properties as part of the most significant changes to property law in a generation. We understand the difficulties some existing leaseholders face with high and escalating ground rents.

Unfair practices have no place in the housing market and the Government is committed to ending them. This is why the Government asked the Competition and Markets Authority (CMA) to investigate potential mis-selling of homes and unfair terms in the leasehold sector. The Government has welcomed the action to tackle potential mis-selling and unfair terms in the leasehold sector and wants to see homeowners who have been affected obtain the justice and redress they deserve.

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