The ongoing saga in the leasehold sector has just seen another plot twist, and this time it’s good news for leaseholders. Leasehold – What Does It Mean? As a leaseholder, you own a lease that gives you the right to use the property how you wish, within the parameters set out in the lease. However,…Continue reading
Tag: ground rent
House Builders Told to Stop Raising Ground Rent
The Competition and Markets Authority (CMA) recently warned house builders Countryside and Taylor Wimpey that they could face legal action if they don’t remove their ‘unfair’ leasehold contract terms in relation to raising ground rent. The UK watchdog expressed its worry that house builders could be in danger of breaching consumer protection law. Another two…Continue reading