Huge relief for millions of homeowners as ground rent cap announced and new leasehold flats banned

A flat i nFarnborough gained enough value to buy a brand new Audi (stock image)

MILLIONS of leaseholders will have their ground rents capped at £250 a year as part of a major overhaul.

The Government has announced the change will come into force from 2028.

It will also ban new leasehold flats, saying the current system is dysfunctional and unfair.

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