Get the latest property market news straight to your inbox Investor Aviva and housebuilder Persimmon Homes have agreed to 'landmark' commitments on leaseholds.
The agreements come amid an investigation into unfair practices in the property sector by competition watchdog, Competition and Markets Authority (CMA).
The regulator said Aviva - which invested in freeholds from developers - has agreed to remove ground rent terms considered unfair and repay homeowners who saw rents doubled.
Persimmon has also agreed to offer leasehold homeowners the opportunity to buy the freehold of their property at a discounted price and make repayments to some homeowners who have already purchased their freeholds. READ MORE: Scheme to crack down on 'rogue'
Read more on manchestereveningnews.co.uk
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