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  • Leasehold Property

    CMA to investigate leasehold

    Homeowners who were mis-sold leasehold properties may be able to get compensation after the competition watchdog announced it will investigate the issue.

    There are more than four million leasehold properties in England, of which 100,000 are considered to be "unfair", according to lender Nationwide. In the worst cases the ground rent charged by the freeholder to the leaseholder doubles every 10 years.

    The Competition and Markets Authority (CMA) today vowed to start an investigation in the next few weeks.

    Leaseholders could get compensation after competition watchdog probe

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