10

There is likely to be broad cross-party support for the measures in this draft bill.

Conclusion
There is likely to be broad cross-party support for the measures in this draft bill. The government has said that it is aiming to bring the cap into force in late 2028, subject to parliamentary timings and its consideration of “remaining policy choices”, such as whether to allow leaseholders to agree to pay a ground rent in exchange for a lower purchase price. We do not believe that time spent considering a small number of exemptions to the ground rent cap is in leaseholders’ interests. The vast majority of leaseholders simply want to see the £250 cap on ground rents implemented without undue delay. Subject to the government scheduling parliamentary time for both Houses to scrutinise the final bill, we believe the ground rent cap could come into force in late 2027. (Conclusion, Paragraph 78)