Flats: Commonhold
The question
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential impact of the (a) abolition of ground rents and (b) creation of commonhold tenure on the purchase price of new build flats.
Answered by Matthew Pennycook
As set out in the Commonhold White Paper published on 3 March 2025, the government are continuing to develop proposals and consulting with experts on the best way to achieve our aim of a more accessible route to conversion. It is our intention to set out further detail on the approved proposals for conversions in the draft Leasehold and Commonhold Bill later this year, alongside the reforms for commonhold and new supply.
As set out in the Written Ministerial Statement made on 21 November 2024 (HCWS244), the government remains firmly committed to its manifesto commitment to tackle unregulated and unaffordable ground rents, and we will deliver this in legislation.
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