This is a hugely important step and demonstrates our determination to support affected leaseholders. The CMA has secured commitments from Aviva, Persimmon, Countryside Properties and Taylor Wimpey to amend their practices, including commitments to remove lease terms that led to doubling ground rents, houses sold as leasehold and to support leaseholders to buy the freehold at the original price quoted. The Government has welcomed the action to tackle potential mis-selling and unfair terms in the leasehold sector and wants to see homeowners who have been affected obtain the justice and redress they deserve. ![]() This is why we asked the Competition and Markets Authority (CMA) to investigate potential mis-selling of homes and unfair terms in the leasehold sector. ![]() Unfair practices have no place in the housing market. We understand the difficulties some existing leaseholders face with high and escalating ground rents. The Act will make homeownership fairer and more transparent for thousands of future leaseholders, by preventing landlords under new residential long leases from requiring a leaseholder to pay a financial ground rent. The Leasehold Reform (Ground Rent) Act 2022 will come into force on 30 June. The Government remains committed to creating a fair and just housing system that works for everyone and to delivering the second phase of our major two-part leasehold reform within this Parliament. These can be found in the Impact Assessment that was published when the Act was scrutinised in Parliament. The Government has made an assessment of the potential impact of the requirements of the new building control regime for higher-risk buildings. This approach should reduce additional time and costs at later stages and the need to correct non-compliant or defective work. The intention is to strengthen regulatory oversight of higher-risk building work and provide the home-building industry the clear framework it needs to get things right before work begins and deliver more high-quality, safe homes, with clear responsibilities on those undertaking design and construction work. Through the Building Safety Act, the Government is introducing a more stringent regulatory regime in design and construction for new high-rise residential buildings, care homes and hospitals which are 18 metres or more in height, or at least seven storeys (‘higher-risk’ buildings). ![]() We are also investing £11.5 billion in the new Affordable Homes Programme which will build up to 180,000 affordable homes, should economic conditions allow. We have announced £10 billion investment in housing supply since the start of this Parliament, with our housing supply interventions due to ultimately unlock over 1 million new homes over the Spending Review 2021 period and beyond. This includes an additional £1.8 billion investment announced at Spending Review 2021. From April 2019 to March 2020 over 242,000 homes were delivered - the highest level for over 30 years. The Government is continuing to work towards its ambition of delivering 300,000 homes a year and we are making clear progress. The Government has assessed the potential impact of the new requirements through an Impact Assessment. Through the Building Safety Act, the Government is introducing a more stringent regulatory regime, overseen by the Building Safety Regulator, in design and construction for new high-rise residential buildings, care homes and hospitals which are 18 metres or more in height, or at least seven storeys.
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