Brokenshire begins leasehold consultation with £10 ground rent cap

By Richard Hook2018-10-15T12:54:00

The Ministry of Housing, Communities and Local Government has launched a consultation on leasehold reform with proposals to cap ground rents at £10.

Housing secretary James Brokenshire has proposed the introduction of peppercorn rates and a ban on the sale of new homes as leaseholds rather than freehold. Retirement housing will be exempted from the cap on ground rents while shared ownership and community-led housing schemes will still be eligible to be sold on a freehold basis.

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