Competition watchdog launches action against top housebuilders

By Joey Gardiner2020-09-04T09:22:00

Four of the UK’s biggest listed builders are facing action over mis-selling leasehold homes

The competition regulator has launched enforcement action against four of the UK’s biggest housebuilders over the potential mis-selling of leasehold homes with escalating ground rent charges.

The Competition and Markets Authority said in a statement issued this morning that it had “troubling evidence” the four housebuilders – Barratt, Countryside, Persimmon and Taylor Wimpey – had unfairly treated owners of leasehold homes and misled home buyers.

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