Enforcement action against residential developers for serious leasehold mis-selling is to be launched by the Competition and Markets Authority (CMA).
The UK’s competition watchdog said it has uncovered “troubling” evidence of potential mis-selling and unfair contract terms in the leasehold housing sector, with buyers “being taken advantage of”.
The CMA expressed concern that checks and balances that should have protected homeowners from potentially harmful terms and practices were ineffective.
It follows a probe by the regulator into leasehold housing following concerns that leasehold homeowners have been unfairly treated, and prospective buyers misled by housing developers.
This article is part of our subscription-based access. Please pick one of the options below to continue.
Already registered? Login to access premium content
The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.
To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on firstname.lastname@example.org.