Ground rents will be capped at £250-a-year in England and Wales as part of sweeping changes to the leasehold system announced by the Government.The Prime Minister shared the news in a video posted on TikTok.New leasehold flats will be banned and existing leaseholders will get the right to switch to commonhold in a bid to give homeowners greater control over their properties under the reforms.

Ground rents will be capped at £250-a-year in England and Wales as part of sweeping changes to the leasehold system announced by the Government.The Prime Minister shared the news in a video posted on TikTok.New leasehold flats will be banned and existing leaseholders will get the right to switch to commonhold in a bid to give homeowners greater control over their properties under the reforms.