CMA finally showing its teeth as leasehold Investigation is launched: Statement from the Leasehold Solutions Group
The Leasehold Group has welcomed the CMA's announcement that they will investigate the UK's largest housebuilders about the way they are selling leaseholds.
Anna Bailey, Leasehold Group CEO, said: "We have been fighting for the rights of leaseholders for 18 years and finally we are starting to see positive action following the largely ineffective pledge made by builders.
"There has never been any justification for selling new houses as leasehold, it has simply been a way for housebuilders to enhance their profits at the expense of buyers. We have always said that the only way to address the practice was by positive action, so we are delighted that the CMA is finally showing its teeth and hope that this change in stance will herald the beginning of the end of the new build leasehold scandal."