Consultation letters – Countryside Properties and Taylor Wimpey
19 March 2021: The CMA has issued consultation letters to two housing developers in relation to possible breaches of consumer protection law in the residential leasehold sector. These letters outline the CMA’s specific concerns about the potential unfairness of terms that double ground rent every 10 or 15 years and ask the developers to take steps to address these. Countryside Properties and Taylor Wimpey now have an opportunity to respond to the CMA’s detailed concerns.
04 September 2020: The CMA has now opened cases in relation to possible breaches of consumer protection law in the residential leasehold sector. The CMA is concerned about possible instances of mis-selling and potential unfairness of certain leasehold contract terms. The CMA will now engage with relevant businesses to conduct further information gathering and seek to resolve these concerns.
In addition to this action, the CMA has also published some short videos and guides for consumers who may own or be buying a leasehold property:
28 February 2020: Today we published an update on our investigation. The update outlines our current thinking into whether there have been breaches of consumer protection law in the residential leasehold housing sector and next steps, including future enforcement action by the CMA and the need for legislative change.
11 June 2019: The Competition and Markets Authority opened an investigation into the leasehold housing market. We will shortly be writing to a range of market participants to ask for information.
The CMA is concerned about potential leasehold mis-selling, and whether leasehold contract terms are onerous and unfair in relation to ground rent, permission and other charges.
At this early stage, the CMA has not reached a view whether or not any person or company has broken consumer protection law.
In the heading of your email please indicate the address of the property about which you are getting in touch with the CMA and any other relevant material such as, should you be contacting us to make a complaint, the person against whom you wish to complain.
In your email please provide as much detail as you are comfortable with including timescales and dates, values and frequency of payments etc.