England’s Leasehold Ground Rents to Be Capped at £250-a-Year
Ground rents are paid on leasehold properties built before 2022.
Photographer: Chris J. Ratcliffe/BloombergThe government will cap ground rents paid by leaseholders in England and Wales despite concern about the impact on pension funds.
The cap would be £250 ($342) a year, Prime Minister Keir Starmer announced Tuesday morning, subject to legislation.