Sep
15

Countryside Properties latest to scrap unfair ground rent terms

Countryside Properties is the latest housebuilder to scrap "unfair" ground rent terms for leasehold properties in their contracts following an investigation by the Competition and Markets Authority. Countryside will keep rents the same level as when leaseholders first bought their property. In June, housebuilder Persimmon confirmed they would offer leaseholders the option to buy the freehold of their property at a discount. Aviva, the insurance company which buys leaseholds from the housebuilders, agreed to repay homeowners who saw their ground rent double.
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