WebApr 26, 2024 · January 2024: The housing secretary announced that millions of leaseholders will be given the right to extend their lease by a maximum term of 990 years … WebJul 13, 2024 · Its beyond me why Taylor Wimpey’s solution to the leasehold scandal is to pay compensation to the freeholders to change the leases to RPI when whoever owns the lease will be better off. Instead of doubling every 10 years to a maximum of 50 years the ground rent will now increase by RPI every 10 years for the whole of the 999 years of the …
Agreement of voluntary undertakings with the CMA
WebThe CMA acknowledges that the GRRAS scheme has helped over 5,400 customers convert their ten-year doubling ground rent leases to an industry standard RPI-based structure, … WebDec 22, 2024 · Taylor Wimpey Regulatory News. Live TW. RNS. Regulatory News Articles for Taylor Wimpey Plc Ord 1P change billing scope in azure portal
UK
WebDec 22, 2024 · Taylor Wimpey leaseholders will now see their ground rents remain at the original amount when the property was first sold and they will not increase over time. Dr Andrea Coscelli, chief executive of the CMA, said the doubling ground rent clause was “totally unwarranted” and “led to people being trapped in their homes, struggling to sell ... WebMar 19, 2024 · In a statement to investors Taylor Wimpey acknowledged that it has received the letter from the CMA and said it would cooperate. “We have now received a letter from the CMA setting out its ... WebJun 11, 2024 · The 9 freeholders had purchased Taylor Wimpey freeholds and have now given their commitment to remove clauses which caused the ground rents payable by … change billions to millions