"We took the matter extremely seriously when it was brought to our attention around autumn 2016" yet Taylor Wimpey were knowingly selling leases with onerous ground rents as far back as 2007. #.
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Taylor Wimpey sagged on Wednesday as the housebuilder’s results were hit by the fallout of a scandal which left homeowners saddled with doubling ground rents. The company sold on the freeholds of the.
One of Britain’s largest housebuilders has apologised and announced it will offer £130m in compensation over a "ground rent scandal", says The Guardian. near-worthless", adds the Guardian. Taylor.
Leaseholds on new-build houses could be. as leasehold in England and ground rents on flats could be cut to zero following widespread outrage over exploitative contracts. In a blow for major.
The scandal of freehold ground rents has been widely publicised in recent times. After selling houses and flats with doubling ground rents between 2007 and 2011, Taylor Wimpey has set aside £130m to.
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Taylor wimpey sees first-half profits drop after 130mln charge for ground rent scandal, but to pay another special dividend taylor wimpey sees first-half pr.
While in the past, homes on new-build estates were sold as freehold, Persimmon, Taylor Wimpey and Bellway now regularly sell estate houses as leasehold. At new developments currently for sale, we.
An investigation has laid bare the scandal of doubling ground rents affecting hundreds of thousands of people who own leasehold homes. Some of Britain’s largest developers, most notably Taylor.
Taking action. Taylor Wimpey has agreed to provide funds so its homebuyers, who have doubling ground rent leases, can get them altered. photograph: rui Vieira/PA I am a homeowner trapped in a.
One of Britain’s biggest housebuilders has suffered a 24 per cent fall in profits after setting aside £130 million to address issues around a leasehold scandal. Taylor Wimpey said that. that they.
The Council of Mortgage Lenders is drawing up guidelines on tackling the unfolding ground rent scandal as it puts pressure on housebuilders over the issue, Mortgage Strategy has learned. the issue.
Thousands of people have demanded answers from the bosses of builders such as Taylor Wimpey. have either failed to spot ground rent rises or failed to explain the financial implications to buyers.