Taylor Wimpey strikes deal with regulator over leasehold homes

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Housebuilder will strike out onerous contract clauses requiring ground rent payments to double

Housebuilder Taylor Wimpey has agreed a deal with the competition regulator to make sure any past or future buyers of its homes are not affected by “doubling” ground rent payments which have rendered some houses unsellable.

The deal with the Competition and Markets Authority (CMA) means that its investigation into Taylor Wimpey for using potentially unfair contract terms has been brought to a close.

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