Leasehold investigation update

Leasehold investigation update

16 August 2022: The Competition and Markets Authority (CMA) is positively engaging with firms who purchased freeholds from Taylor Wimpey in order to secure formal commitments from those freeholders to remove doubling clauses from their leases, and any doubling terms that were converted to be based on the Retail Price Index (RPI). This follows Taylor Wimpey's commitment to the CMA to help get such clauses removed at no cost to leaseholders. The CMA will provide an update in due course.

Regarding its investigation into alleged mis-selling by Barratt Homes, the CMA has now closed its case. Following careful scrutiny of the evidence gathered, the CMA concluded that it was insufficient to support a clear legal case for the CMA to secure collective redress for Barratt leaseholders under its consumer law powers. This was unlikely to change with further investigation and consequently continuing with the case would not be a good use of resources. Barratt's sales practices have changed, and they no longer sell leasehold houses. 

For more information on the CMA's investigation, visit the leasehold case page.