CMA to investigate leasehold nightmare

May 17, 2019

The CMA is to investigate sales of leasehold homes as concerns grow that thousands of buyers have been locked into “toxic leases” that involve paying doubling ground rents or extortionate fees for minor changes to their property. The watchdog said it would probe claims that thousands of families were mis-sold their properties, which could lead to action being taken against firms who have ripped customers off.

The CMA said in a statement: “We have committed to investigating whether these homeowners are being hit with expensive fees or unfair contract terms, as well as being given all the information they need before signing on the dotted line.”

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