Government responds to Committee's Leasehold reform report
04 July 2019
Read the Government Response
Chair of the HCLG Committee, Clive Betts commented:
“Our report into Leasehold Reform set out the serious imbalance against leaseholders in the current system.
We are pleased that the Government has recognised this and has accepted many of our recommendations, including to cap future ground rents at zero financial value. However, much more needs to be done for those leaseholders already subject to onerous terms, such as escalating ground rents and permission fees.
We are pleased that the CMA accepted our call for an investigation into the sector, but we believe that the Government need to do more to intervene on behalf of leaseholders who continue to be trapped in leasehold properties they cannot re-mortgage or sell.”
Image: Crown Copyright
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