Latest News

Agents’ views sought on property listings

20 April 2021

The National Trading Standards Estate and Letting Agency Team (NTSELAT) has today, 20 April, launched a consultation to gather information to develop guidance as to what should be considered material information on property listings and portals. Read More...

Record breaking activity in regional markets across the UK

19 April 2021

Market activity continues to grow and the appetite from prospective buyers is such that many properties are not being listed on the property portals, as agents focus on fulfilling Consumer Protection Regulations, completing Property Information Questionnaires, and marketing properties to those proceedable buyers, already registered with the agency. Read More...

New 95 per cent mortgage scheme launched

19 April 2021

The UK Government has today, 19 April, opened a Mortgage Guarantee Scheme to help first-time buyers and current owners with 5 per cent deposits buy a house up to £600,000. Read More...

Proportionate approach needed to building safety in Wales

15 April 2021

Propertymark has responded to the Welsh Government’s consultation on improving building safety in Wales by supporting the proposed measures but urging the Welsh Government to also consider the height of buildings, occupation and material used to build property to determine fire risk rather than simply the number of dwellings. Read More...


Leasehold terms to be removed by Countryside and Taylor Wimpey

Friday 19 March 2021

The Competition and Markets Authority (CMA) has told Countryside Properties and Taylor Wimpey to remove certain contract terms that require leaseholders to pay ground rents that double every ten or 15 years.

As this increase is built into contracts, it means people can struggle to sell or mortgage their homes and find themselves trapped. These terms can also affect a consumer's property rights and the CMA outlined specific concerns that the use of these terms breaks consumer protection law. The removal of the terms from all existing contracts will make sure no laws are being breached, as well as not being used in any future leasehold contracts.

On 4 September 2020, as part of its ongoing investigations, the CMA opened enforcement cases having uncovered troubling evidence of potential mis-selling and unfair contract terms and launched enforcement action against four housing developers. Countryside Properties and Taylor Wimpey, for using possibly unfair contract terms, and Barratt Developments and Persimmon Homes over the possible mis-selling of leasehold homes.

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If these developers do not address our concerns, we will take further action, including through the courts, if necessary.

Andrea Coscelli, CMA Chief Executive

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The Government asked the CMA to conduct this investigation. I strongly welcome their efforts to bring justice to homeowners affected by unfair practices, such as crippling ground rents, which have no place in our housing market. This behaviour must end, and I look forward to appropriate redress being forthcoming for leaseholders.

Robert Jenrick, Housing Secretary

Further investigations

As part of its ongoing review, the CMA will continue to investigate certain firms – such as investment companies – which bought freeholds from these developers and have continued to use the same leasehold contract terms. Its investigation into Barratt Developments and Persimmon Homes is also ongoing.


The CMA has produced written and video guidance, which offers advice on a number of issues, including what people can do when faced with fees and charges they consider unjustified.

Leasehold: A Life Sentence?

Propertymark’s Leasehold: A Life Sentence? report revealed three in five (62 per cent) leasehold property owners felt they were mis-sold and a further 93 per cent would not buy another leasehold property.

Find out more about our calls to tackle unfair practices in the leasehold market below.

Find out more