Matthew Pennycook

Matthew Pennycook

Labour — Greenwich and Woolwich

Speaking in the House of Commons on 27 January 2026

Debate

Commonhold and Leasehold Reform

Contribution

I thank the right hon. Member for his fair and reasonable question. The Government consider the intervention on ground rents that we are making through this draft Bill to be a justified and proportionate approach to the specific problems that leaseholders face as a result of high and harmful ground rents. We are introducing the reforms to deliver on specific commitments in our manifesto and in the context of a significant number of wider reforms to the leasehold market. We have carefully weighed the different options to meet our manifesto commitment on ground rents and we have taken investors’ concerns into account when developing the policy, which we believe strikes a fair balance between leaseholders, freeholders and those invested in ground rents. We recognise that the reforms will have a significant impact on freeholders and investors, but we consider this a justified and proportionate response.

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