New leasehold flats will be banned, with future purchases no longer on a leasehold basis, as part of the reforms.

Over a 40-year transition, ground rents are set to be effectively zero, delivering long-term savings for homeowners.

Industry figures say talks with government continue to mitigate impacts, and some investors may seek compensation for losses.

Campaigning grounded in evidence is translating into policy action, though stakeholders warn that clear guidance and practical implementation are crucial.

The Guardian frames it as a symbolic move for Labour on housing justice amid a broader political debate about who benefits from reform.

Protests by property investors and potential legal challenges over retrospective application underscore tensions between Labour, leaseholders, and financial interests.

Officials presented the plan via a social video from the Prime Minister, underscored by a red breaking-news banner.

Critics, including the Residential Freehold Association, argue the cap is unjustified and could undermine investor confidence and long-standing contracts, with warnings of large potential compensation and forced exits for professional freeholders.

Industry voices split: some warn about unintended consequences of retrospective changes, while others note the CMA’s long-standing support for a cap.

Public reaction on social media is mixed, with supporters optimistic about enforcement and savings, while critics question enforcement, significance, and the cap’s impact.

Observers say unregulated and unaffordable ground rents must be tackled, despite concerns from pension funds about investment implications.

The UK government unveils a sweeping leasehold overhaul in England and Wales, capping ground rents at 250 a year and allowing existing leaseholders to switch to commonhold to empower homeowners.