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<p>The Government response to the consultation on ‘ <em>Tackling unfair practices
in the leasehold market</em>’ set out a range of measures to cut out unfair and abusive
practices within the leasehold system. This included introducing legislation to prohibit
the development of new build leasehold houses, other than in exceptional circumstances,
and restricting ground rents in newly established leases of houses and flats to a
peppercorn (zero financial value).</p><p>For existing leaseholders, the Government
wants to see developer compensation schemes going further and faster, with support
extended to all those with onerous ground rents, including second hand buyers and
for customers to be proactively contacted. We will be keeping a close eye on progress
and will consider measures that could be pursued to take action if necessary.</p><p>We
want to make it easier for existing leaseholders to exercise their right to buy their
freehold, or extend their lease, for this to be faster, fairer and cheaper, and to
be available as soon as possible.</p>
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