CMA says it will take further action against developers which do not remove such terms from contracts
Thousands 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 CMA, which has been looking into the practice by Countryside and other property developers of doubling ground rent every 10 to 15 years, said it would take further action – including court proceedings – against any developers that did not “do the right thing by their leaseholders” and remove problematic causes from their contracts.