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

Leaseholders in England and Wales will have their ground rent capped at £250 a year, as announced by Keir Starmer, who described the move as "good news for homeowners." The proposals also include banning new leasehold flats and allowing existing leaseholders the option to switch to commonhold, aimed at increasing homeowner control over their properties.