Millions to benefit as minister announces cap on ‘scam’ ground rents | Politics News
Ground rents for leaseholders will be capped at Β£250 a year before dropping to a peppercorn rent after 40 years, Steve Reed has announced. The housing secretary confirmed the move on Tuesday morning, hitting out at ground rents as a “a bit of a scam”, “a racket” and “paying money for nothing”. Ground rents are…