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Competition watchdog to take action after finding evidence of serious issues in leasehold selling

The competition watchdog says it has found evidence of potential mis-selling and unfair contract terms in the leasehold housing sector, and is set to launch enforcement action...

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Competition watchdog to take action after finding evidence of serious issues in leasehold selling

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Comments

  • It's a good first step, but let's see how far they actually go.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    about time they stopped the none adoption of estates, I pay full council tax, own the freehold of my address but still have to pay grounds maintenance on the estate
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • chanz4 said:
    about time they stopped the none adoption of estates, I pay full council tax, own the freehold of my address but still have to pay grounds maintenance on the estate

    Does your ground maintenance  stay the same in price?
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!

    They dont really do much at all £140 a year we pay
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • Hi, is this anything to do with creating “lease option agreements” to then make a HMO out of that house as a landlord? E.g. the model Samuel Leeds promotes?
  • my mother lost her flat (1/2 owned leasehold) when it burnt to the ground. the insurance says it was an accident. there is a reinstatement clause that they wont pay out her share until it is rebuilt and then sold. this happened in aug and they have yet to demolis it all. she has since died as a result of the trauma and being homeless. what can we do? we are not the only family in this situation
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    hutcheee said:
    Hi, is this anything to do with creating “lease option agreements” to then make a HMO out of that house as a landlord? E.g. the model Samuel Leeds promotes?
    No, absolutely nothing.
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