CMA drags more national housebuilders into leasehold investigation

CMA

Competition regulator says Crest, Miller, Redrow and Vistry have all agreed to help customers over ‘doubling’ ground rent homes

Crest Nicholson, Miller Homes, Redrow and Vistry have been collared by the competition regulator over the sale of homes with “doubling” ground rent clauses and have agreed to try to sort out the problems for customers.

The Competition and Markets Authority (CMA) said in a statement that the four housebuilders had agreed to work with the companies who had subsequently bought the freeholds from the housebuilders in order to remove the offending ground rent clauses.

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