Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Levelling Up, Housing and Communities, whether he plans to compensate (a) institutional investors and (b) pension-holders for loss of income as a result of his Department’s proposed cap on ground rents.

The Government recently consulted on a range of options to restrict ground rents for existing leases. Alongside the consultation we published a consultation impact assessment, assessing the expected costs and benefits of each of the policy options. This can be found here: Consultation impact assessment - modern leasehold: restricting ground rent for existing leases - GOV.UK.

We are carefully considering the responses we have received and will set out next steps due course.