To ask the Secretary of State for Housing, Communities and Local Government, what steps he is taking to ensure the clear explanation of ground rent fees to prospective leaseholders.
Answered on
17 March 2020
The Government is clear that prospective home buyers should have access to clear and accurate information on potential fees and charges. Individuals selling a leasehold property provide a ‘Leasehold Information Pack’ about their property to prospective purchasers and this contains information relating to the property, including on ground rents and service charges.
The Government has committed to introducing legislation to stop freeholders and managing agents from taking as long as they like and charging what they like for this information by ensuring these packs are provided to a fixed cost and timetable.