CMA says government may have to step in to protect leaseholders, as thousands in England and Wales remain trapped in contractsBritain’s competition watchdog has said ground rent is “neither legally nor commercially necessary” and that government may need to step in to protect consumers from soaring costs.The housing secretary, Michael Gove, is considering capping all existing ground rents – possibly reducing them to a nominal “peppercorn” level, effectively zero – and launched a consultation in early December. Continue reading…
Source : theguardian.com
Read more…Ground rent not legally or commercially necessary, says UK watchdog
