Keir Starmer announced a £250 cap on ground rents for leaseholders in England and Wales, with rents falling to a peppercorn rate after 40 years. The measure is part of a wider leasehold reform package that will ban new leasehold flats, allow leaseholders to switch to commonhold and protect against forfeiture for defaulting on small debts. Labour MP Angela Rayner warned landlords could use lawfare to block the changes, urging ministers to stand firm. Leaseholder groups welcomed the cap but criticised the slow pace of implementation. The reform aims to reduce the burden on residents who bought new‑build properties in the last two decades with high ground rents.
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