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Tag: CMA

Finance

Taylor Wimpey – tough year, but on solid foundations heading into 2024

Taylor Wimpey’s full-year revenue fell 20.5% to £3.5bn Operating profit almost halved to £470.2mn Net cash came in 21.5% lower at £677.9mn Aarin ...
By Victoria Bartlett28th February 20240
Social Housing
News

Competition & Markets Authority Issues Update on Work in the Housing Sector

The Competition and Markets Authority (CMA) has issued updates on 2 pieces of work in the housing sector – a consumer protection project on ...
By Property Notify25th August 20230
Leasehold Buildings
News

Thousands More Leaseholders to Receive Refund

The Competition and Markets Authority (CMA) has secured undertakings from 9 companies that bought freeholds from leading housing developer Taylor Wimpey. A further ...
By Property Notify24th August 20220
UK New Homes
News

CMA Action Frees Leaseholders from Ground Rents that Double Every 10 Years

Taylor Wimpey – one of the UK’s leading housing developers – has voluntarily given formal commitments to the Competition and Markets Authority (CMA) ...
By Property Notify22nd December 20210
Affordable Housing
News

CMA Secures Landmark Commitments for Leaseholders

Aviva has committed to remove certain terms from its leasehold contracts which cause ground rents to double, and Persimmon will now offer leasehold ...
By Property Notify23rd June 20211
UK Social Housing
News

CMA Requires Countryside & Taylor Wimpey to Remove Leasehold Terms

In September 2020, the Competition and Markets Authority (CMA) launched enforcement action against 4 housing developers. These included Countryside Properties and Taylor Wimpey, ...
By Property Notify19th March 20210
UK New Homes
News

Leasehold Homes: Competition & Markets Authority Launches Enforcement Action

The CMA is launching enforcement action involving 4 leading housing developers it believes may have broken consumer protection law in relation to leasehold ...
By Property Notify4th September 20200
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