Get all your news in one place.
100's of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
Business
Emma Munbodh

Thousands more people freed from rip-off ground rents that left them unable to sell homes

More than a dozen companies have removed "unjust and unwarranted" terms for homeowners which make it difficult for them to sell their property, sometimes trapping them in unaffordable homes.

The competition watchdog said it had agreed with 15 businesses that they should release 3,500 leaseholders from contracts which saw their ground rent double in price every 10 to 15 years.

The businesses also promised to remove inflation-linked price rises that had replaced some of the original clauses which doubled rent.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.