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Leasehold property
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17th September 2020 by manager in Uncategorised
Ash Citizens Advice News – 15 September 2020
CMA investigate house builders for mis-selling leaseholds The Competitions and Markets Authority is to investigate how house builders sell leaseholds following evidence of unfair terms and mis-selling, consequently trapping buyers into rising ground rents and unfair fees. The CMA will also work with the Government to work to ban the sale of new leasehold houses […]
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5th March 2020 by manager in Uncategorised
Ash Citizen Advice News – 4 March 2020
CMA investigation finds homeowners misled by developers about leasehold properties The Competition and Markets Authority (CMA) has been leading an investigation into the leasehold property market and has found evidence of buyers being treated unfairly and charged unreasonable fees by housing developers. The investigation is continuing, but the CMA has said it would take action […]
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11th July 2019 by manager in Uncategorised
Ash Citizens Advice News – 10 July 2019
Leasehold ban The government has proposed that all new-build houses must now be sold as freehold and ground rents in leasehold contracts must be set as zero. However the ban will not be applied retrospectively. Flats will still be able to be sold leasehold. Legislation will be required. The government has also launched a two-month […]
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20th June 2019 by manager in Uncategorised
Ash Citizens Advice News – 19 June 2019
Competition and Markets Authority to investigate fairness of leasehold contracts The CMA has launched an investigation into leasehold contracts after MPs and consumer groups raised concerns about costly fees, leaseholds being sold by developers to investors and the high costs to buy the freehold, resulting in some householders unable to sell their homes. A freeholder […]
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13th June 2019 by manager in Uncategorised
Ash Citizens Advice News – 3 April 2019
Smart Meters Energy firms will continue to offer “dumb” smart meters for months, even though providers were expected to stop offering first generation meters, known as Smets1, from March 15, as they often stop working when you switch suppliers. But British Gas, SSE, EDF Energy, Eon, npower and Scottish Power have confirmed they are still […]
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