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Competition watchdog takes enforcement action over leaseholds


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The competition watchdog has launched enforcement action against four of the UK’s leading housing developers – Barratt, Persimmon, Taylor Wimpey and Countryside Properties – after an investigation uncovered evidence that leasehold homeowners and prospective buyers were being misled and charged excessive fees.

The Competition and Markets Authority said the developers may have broken consumer protection laws and has started enforcement action against them.

https://www.theguardian.com/business/2020/sep/04/competition-watchdog-takes-enforcement-action-over-leaseholds

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Nothing more than flaccid c*ck waving. Some token payments and a 'promise' to reform.

Takes the heat nicely away from Land banking, profit margins on new builds, snagging, use of HTB, circumvention of planning, and the size of new builds.

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  • 415 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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