Today the Competition and Markets Authority (CMA) has formally launched an Investigation into potential breaches of consumer protection law in the leasehold housing market.
This is a momentous day for leaseholders.
The National Leasehold Campaign warmly welcomes today’s launch of the CMA investigation into the leasehold housing market. We will, of course, be happy to work with the CMA to give evidence to support their investigation. For thousands of hard-working families across England and Wales, their dreams of home ownership have turned into a living nightmare with onerous ground rents, stinging permission fees, rocketing service charges and that stomach churning, penny drop moment when you realise that you don’t own a single brick of your property – the only thing you own is the lease and you are a tenant. It’s time for England and Wales to catch up with Scotland and abolish leasehold tenure to the history books where it belongs.
The CMA has asked for us to submit all our evidence by the 12th July.
Take a look at their CALL FOR EVIDENCE HERE
We thank you for your continued support and would encourage you to submit your evidence to the CMA