The competition regulator has closed its three-year investigation into alleged mis-selling of leasehold homes by the UK’s biggest housebuilder, Barratt, citing lack of evidence.

The Competition and Markets Authority (CMA) said in an investigation update published this morning on its website that it has “now closed its case”, after concluding that the evidence available was “insufficient to support a clear legal case for the CMA to secure collective redress for Barratt leaseholders under its consumer law powers”.

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