{"id":143012,"date":"2024-03-13T21:37:19","date_gmt":"2024-03-13T14:37:19","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ground-rent-not-legally-or-commercially-necessary-says-uk-watchdog\/"},"modified":"2024-03-13T22:07:22","modified_gmt":"2024-03-13T15:07:22","slug":"ground-rent-not-legally-or-commercially-necessary-says-uk-watchdog","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ground-rent-not-legally-or-commercially-necessary-says-uk-watchdog\/","title":{"rendered":"Ground rent not legally or commercially necessary, says UK watchdog"},"content":{"rendered":"


\nCMA says government may have to step in to protect leaseholders, as thousands in England and Wales remain trapped in contractsBritain\u2019s competition watchdog has said ground rent is \u201cneither legally nor commercially necessary\u201d 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 \u2013 possibly reducing them to a nominal \u201cpeppercorn\u201d level, effectively zero \u2013 and launched a consultation in early December. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Ground rent not legally or commercially necessary, says UK watchdog<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CMA says government may have to step in to protect leaseholders, as thousands in England...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-143012","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-BcE","jetpack-related-posts":[{"id":128809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-more-homeowners-in-uk-to-be-refunded-for-doubling-ground-rents\/","url_meta":{"origin":143012,"position":0},"title":"Thousands more homeowners in UK to be refunded for doubling ground rents","date":"August 24, 2022","format":false,"excerpt":"\r Competition watchdog cracks down on \u2018unfair\u2019 leasehold terms that trapped people in properties they could not sellThousands more homeowners who paid a doubled ground rent on their property will get a refund after the competition watchdog cracked down on \u201cunfair\u201d leasehold practices.More than 5,000 households in the UK will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142785,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housebuilders-investigated-over-possible-information-sharing\/","url_meta":{"origin":143012,"position":1},"title":"UK housebuilders investigated over possible information-sharing","date":"February 26, 2024","format":false,"excerpt":"\r Watchdog says there is need for \u2018significant intervention\u2019 over supply and quality of new homesBusiness live \u2013 latest coverageThe UK competition watchdog has opened an investigation into eight housebuilders after evidence they may be sharing commercially sensitive information.The Competition and Markets Authority (CMA) launched the investigation amid concerns it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/competition-watchdog-objects-to-land-registry-sell-off\/","url_meta":{"origin":143012,"position":2},"title":"Competition watchdog objects to Land Registry sell-off","date":"May 23, 2016","format":false,"excerpt":"\r Planned privatisation would grant new owner monopoly on commercially valuable data with no incentive to improve access, warns CMAThe competition watchdog has objected to government plans to privatise the Land Registry, warning that allowing a private firm to take possession of property ownership information could cause problems for other\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123947,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taylor-wimpey-drops-costly-leasehold-terms-after-investigation\/","url_meta":{"origin":143012,"position":3},"title":"Taylor Wimpey drops costly leasehold terms after investigation","date":"December 22, 2021","format":false,"excerpt":"\r Thousands will be freed from contracts where ground rent charges doubled every 10 yearsThousands of people who bought leasehold homes from the housebuilder Taylor Wimpey will be liberated from terms where their ground rent charges doubled every 10 years, after a long-running investigation by the UK competition watchdog. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":90002,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watchdog-planning-price-cap-on-rent-to-own-credit-terms\/","url_meta":{"origin":143012,"position":4},"title":"Watchdog planning price cap on rent-to-own credit terms","date":"May 31, 2018","format":false,"excerpt":"\r FCA\u2019s proposal for firms such as BrightHouse aims to save consumers more than \u00a3200m a yearThe City watchdog is planning a price cap for rent-to-own retailers as part of a crackdown on high-cost credit and overdrafts to save consumers more than \u00a3200m a year. Although stopping short of capping\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122019,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/thousands-of-leaseholders-freed-from-doubling-of-ground-rents\/","url_meta":{"origin":143012,"position":5},"title":"Thousands of leaseholders freed from doubling of ground rents","date":"September 15, 2021","format":false,"excerpt":"\r Countryside Properties to remove such terms from contracts after CMA investigationThousands of people who bought leasehold homes from the housing developer Countryside Properties will be freed from costly contract terms, following an investigation by the Competition and Markets Authority.The watchdog has been looking into the practice by Countryside and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143012"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=143012"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143012\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}