Taylor Wimpey and Countryside told to remove 'unacceptable' leasehold terms

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CMA acts over contracts that mean leaseholders have to pay ground rents that double every 10 to 15 years

The competition watchdog has ordered the housebuilders Taylor Wimpey and Countryside Properties to remove terms in contracts that have made it impossible for some homeowners to get a mortgage or sell their properties.

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The Competition and Markets Authority has told the two firms to remove certain contract terms that mean leaseholders have to pay ground rents that double every 10 to 15 years.

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