Leaseholders in England and Wales to have ground rent capped at £250 a year

Keir Starmer says move is good news for homeowners' in TikTok video announcing change

Ground rents are to be capped at 250 a year for leaseholders in England and Wales, Keir Starmer has announced, as his government unveiled proposals to ban leaseholds for new flats.

New leasehold flats will be banned and existing leaseholders will get the right to switch to commonhold in an attempt to give homeowners greater control over their properties, under proposals to be put out to consultation.