A parliamentary committee urged the UK government to accelerate a planned £250 annual cap on leasehold ground rents from late 2028 to late 2027, arguing leaseholders have waited too long for reform. The government's draft bill aims to reform England and Wales's leasehold system affecting approximately five million homes by capping ground rents, banning new leasehold flats, and enabling conversion to commonhold ownership.
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A parliamentary committee urged the UK government to accelerate a planned £250 annual cap on leasehold ground rents from late 2028 to late 2027, arguing leaseholders have waited too long for reform. The government's draft bill aims to reform England and Wales's leasehold system affecting approximately five million homes by capping ground rents, banning new leasehold flats, and enabling conversion to commonhold ownership.