BREAKING: Ground Rent Capped at £250 in England and Wales!
The government has announced a £250 annual cap on ground rent for leaseholders. Prime Minister Starmer revealed the cap in a TikTok video.
Millions of leaseholders will benefit. The move aims to tackle unregulated ground rent charges.
The cap will be introduced in the Leasehold and Commonhold Reform Bill on Tuesday. Ground rents were previously abolished for most new leases in 2022.
The reforms impact around five million leasehold homes. Leaseholds are common for privately-owned flats.
This is a developing story. More updates to follow.
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