Ground rents to be capped at £250 for leaseholders to end spiralling bills

Subject to parliamentary timings, the ground rent cap could come into force in late 2028 (Anthony Devlin/PA) - (PA Archive)

Millions of leaseholders across England and Wales stand to benefit from an overhaul of the leasehold system, with ground rents set to be capped at £250 a year.

The shake-up will see many leaseholders save more than £4,000 over the course of their lease, with more than five million leaseholders and future homeowners benefiting from stronger control, powers and protections, the Government said.