MPs questioned freeholder groups in committee hearing over leasehold reform bill
MPs have laid into freeholders for creating a “rentier structure” in England and Wales in recent years, charging “exorbitant” ground rents of £8,000 a year in some cases, as a freeholder group pushed back against proposed changes to leasehold laws.
The government’s long-awaited leasehold reform bill, which would make it easier and cheaper for leaseholders to extend their lease and buy the freehold, and will ban leaseholds on newly built houses – but not flats – in England and Wales, is at the committee scrutiny stage.
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