Tag: leasehold

Watchdog opens probe into leasehold practices

The Competition and Markets Authority (CMA) said today (4 September 2020) that it is opening enforcement action involving four leading housing developers it believes may have broken consumer protection law in relation to leasehold homes.

The CMA said that it had uncovered evidence of potentially unfair terms concerning ground rents in leasehold contracts and potential mis-selling.

It is concerned that leasehold homeowners may have been unfairly treated and that buyers may have been misled by developers.

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