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After CMA action, thousands of leaseholders who paid a doubled ground rent will receive refunds and 9 more companies will remove these costly terms from leasehold contracts. Over 20,000 leaseholders helped by CMA’s investigation to date.Interim CMA CEO: “People now have a new lease of life, freed from issues like costly doubling ground rent terms”. … Continue reading Thousands more leaseholders to get money back
Ground rent charges will be banned on most new residential leases from 30th June 2022Ban will put an end to increasing annual costsFirst step in government reform package to create fairer housing system Future homebuyers will see their prospective property bills reduce in when the government’s ban on charging ground rent on new leases in … Continue reading Future homebuyers to be freed from expensive ground rent bills on 30th June