CMA investigation into leaselhold

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    CMA investigation into leaselhold

    George Lusty, Senior Director for Consumer Enforcement, said:
    Buying a home is one of the most expensive and important purchases a person can make. So, it’s essential they fully understand the contract they are signing – including whether they will have to pay more than they bargained for.
    Our investigation will shed light on potential misleading practices and unfair terms to help better protect people buying a home in future.
    The CMA is writing to companies across the sector – including developers, lenders and freeholders – requiring information to understand more about how leaseholds are sold and managed, and the terms their contracts contain. It also wants to understand the impact such practices have on homeowners, and so is calling on people to share experiences that could be relevant to its work.
    If the CMA thinks that a company’s practices are misleading – or that its contracts contain unfair clauses – it could take enforcement action to require the company to change how they operate.

    #2
    They are just so far from the point it is stunning.

    Comment


      #3
      Originally posted by paulamis View Post
      They are just so far from the point it is stunning.
      Well they need to be made more aware of what is going on...the closing date for all contributions is next week 12th July I think!

      Comment


        #4

        To aid its investigation, the Competition and Markets Authority is calling on leaseholders to submit their views on the leasehold housing market. The CMA would like initial responses by the end of this week, Friday 12th July.

        Contact the CMA with information to help put an end to some of the unscrupulous practices going on.

        Comment


          #5
          Originally posted by Stacker View Post

          Well they need to be made more aware of what is going on...the closing date for all contributions is next week 12th July I think!
          I did submissions, but they cannot include that which is part of legal action.

          Comment


            #6
            Originally posted by paulamis View Post
            They are just so far from the point it is stunning.
            Paul - why do you think this?
            And yes evidence submitted by 12th July.
            This Thursday government response/debate to select committee enquiry on leasehold

            Comment

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