Time for Cap on Ground Rent Hikes.

Welsh Liberal Democrat candidate for Swansea East, Sam Bennett has written to the Welsh Government asking for caps on ground rent increases to be introduced following shocking news that residents in the SA1 development South Quay on Kings Road will be asked to pay up to £10,000 to bring these flats up to Fire Regulations.

In the letter to Housing Minister, Sam said: “These exorbitant increases in ground rent, whilst covering very necessary works to ensure the safety of residents have come as a shock to residents. As I am sure you are aware this is not the first case of this happening in the SA1 and Maritime Quarter Communities.

These apartments and developments attract a high number of young professionals either saving for a first home, or as a first home. Residents have no option but to pay these ground rent increases, which are outstripping wage rises. With many residents concerned for their livelihoods because of the COVID19 pandemic government action to support these them is urgent.”

Commenting Sam Bennett said: “It is high time the travesty of ground rent hikes dwarfing wage rises is resolved. Residents need to be sure of the bills they will be faced with and that these bills will not plunge them into debt. Welsh Government must act to stop these rises and those who have no option but to pay them.”

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