Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Levelling Up, Housing and Communities, what estimate his Department has made of the potential impact of capping ground rents on the public purse.
Government has consulted on a range of options to restrict ground rent in existing leases and asked questions about the effects of these proposals. We received a significant number of responses from a variety of sources. A consultation impact assessment has been published and can be found at Consultation impact assessment - modern leasehold: restricting ground rent for existing leases.
That consultation closed on 17 January, and Government is currently analysing the responses before taking a decision on how to restrict ground rents through the Leasehold and Freehold Reform Bill.