Leasehold trap – major builders could face court action over rip-off leases on newbuild properties The UK's largest housebuilders are being investigated by a watchdog after "troubling evidence" has e

Leasehold trap – major builders could face court action over rip-off leases on newbuild properties The UK's largest housebuilders are being investigated by a watchdog after "troubling evidence" has emerged over the way leaseholds on newbuild housing estates have been sold to property buyers. Major companies like Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey are facing legal action from the Competition and Markets Authority (CMA), which could take the developers to court. Other articles available at Money Tips Podcast - www.moneytipsdaily.com