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937560

	registered interest
	date	09/07/2018
	answering body	Ministry of Housing, Communities and Local Government
	answering dept id	7
	answering dept short name	Housing, Communities and Local Government
	answering dept sort name	Housing, Communities and Local Government
	hansard heading	Affordable Housing: Ground Rent
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Housing, Communities and Local Government, what assessment he has made of the potential implications for the provision of affordable homes of reducing the financial value of ground rents to zero.
	tabling member constituency	Edmonton
	tabling member printed	Kate Osamor
	uin	162110
	answer	answer is ministerial correction date of answer 18/07/2018 answer text <p>The Government wants to ensures that consumers only pay for services that they receive. We will introduce legislation so that, in the future, ground rents on newly established leases of houses and flats are set at a peppercorn. Costs incurred by landlords for overseeing and appointing a managing agent, or carrying out wider services, can be recovered through the service charge or a marginally higher sales price.</p><p><br>Prior to introducing any final legislation in Parliament, the Government will undertake a regulatory impact assessment. As part of this evidence-based procedure, we will assess the economic, social, and environmental effects of the policy. This will include an assessment of the economic implications of setting ground rents to a peppercorn in terms of viability, affordability, and supply.</p> answering member constituency South Derbyshire answering member printed Mrs Heather Wheeler grouped question UIN 162109 162111 question first answered 18/07/2018 13:39:54 answering member 4053 label Biography information for Mrs Heather Wheeler
	tabling member	4515 label Biography information for Kate Osamor

937559

	registered interest
	date	09/07/2018
	answering body	Ministry of Housing, Communities and Local Government
	answering dept id	7
	answering dept short name	Housing, Communities and Local Government
	answering dept sort name	Housing, Communities and Local Government
	hansard heading	Leasehold: Ground Rent
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Housing, Communities and Local Government, whether he has made a comparative assessment of the potential effect on the viability of the leasehold sector of (a) regulating ground rents and (b) removing the financial value of ground rents; and if he will make a statement.
	tabling member constituency	Edmonton
	tabling member printed	Kate Osamor
	uin	162109
	answer	answer is ministerial correction date of answer 18/07/2018 answer text <p>The Government wants to ensures that consumers only pay for services that they receive. We will introduce legislation so that, in the future, ground rents on newly established leases of houses and flats are set at a peppercorn. Costs incurred by landlords for overseeing and appointing a managing agent, or carrying out wider services, can be recovered through the service charge or a marginally higher sales price.</p><p><br>Prior to introducing any final legislation in Parliament, the Government will undertake a regulatory impact assessment. As part of this evidence-based procedure, we will assess the economic, social, and environmental effects of the policy. This will include an assessment of the economic implications of setting ground rents to a peppercorn in terms of viability, affordability, and supply.</p> answering member constituency South Derbyshire answering member printed Mrs Heather Wheeler grouped question UIN 162110 162111 question first answered 18/07/2018 13:39:54 answering member 4053 label Biography information for Mrs Heather Wheeler
	tabling member	4515 label Biography information for Kate Osamor