We agree with the government’s rationale for a £250 cash cap, as this is a threshold where ground rent frequently affects the saleability and mortgageability of properties. A cap at this value will ensure leaseholders are protected from increases in ground rent to onerous levels. We heard from some property sector representatives who said they agreed with the principle of addressing onerous ground rent terms which affect the mortgageability of properties, but who did not wish to suggest an alternative to the government’s proposal of a £250 cap, to which they were opposed. In light of the Competition and Markets Authority’s finding that consumers do not receive anything in return for ground rent, we believe £250 is a reasonable cap in recognition that leaseholders expected to pay a modest ground rent when they bought their homes. A £250 cash cap is fair, clear for all to understand, and straightforward to administer. (Conclusion, Paragraph 64)