Jun
28

"Massive milestone" for leaseholders

Following an investigation by CMA (the Competition and Markets Authority), housebuilder Persimmon will now allow leaseholders to buy the freehold of their property at a discount. In addition, Aviva, the insurance company which buys leaseholds from the housebuilders, will repay homeowners who saw their ground rent double. Campaigners have described this commitment as a "massive milestone" in this article, and it is hoped that other developers will follow.

Read the press release from CMA here.