To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the average annual ground rent paid on a leasehold property in the most recent period for which figures are available.
6 November 2018
The Department does not collect data on ground rents as a matter of course.
However, the Government is concerned that ground rents have risen from historically small sums to hundreds of pounds per year in many cases, and that consumers see no clear benefit from them.
This is why we will be introducing legislation so that in the future ground rents on newly established leases of houses and flats are set at a peppercorn.
We have set out our plans in a technical consultation on how to implement the Government’s reforms to the leasehold system in England. This is available at: https://www.gov.uk/government/consultations/implementing-reforms-to-the-leasehold-system.