A parliamentary committee has called on the government to expedite the implementation of a £250 annual cap on leasehold ground rent, saying leaseholders have waited too long for action on the issue.

The committee's statement highlights ongoing delays in addressing leasehold reform, an issue that has affected thousands of property owners across the country who face escalating ground rent charges.

Leasehold ground rent has been a contentious issue, with some leaseholders seeing their annual charges rise significantly over time, sometimes making properties difficult to sell or remortgage.

The government has previously announced plans to cap ground rent at £250 per year for new leases, but the committee suggests the implementation timeline needs acceleration to provide relief for affected leaseholders sooner.