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Ground Rent Cap: Gove Backs Bill Amid Warnings

3/3/2026

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Story summary
  • Michael Gove, the former Conservative Housing Secretary, backed the draft bill to cap ground rents at a peppercorn after 40 years and called for a 20-year rollout.
  • Charmaine McQueen-Prince of the Residential Freeholder Association warned the cap could harm freeholders’ finances and investor confidence.
  • Labour's Angela Rayner urged the government to keep its election promise to cap ground rents and warned delays could benefit vested interests.