Watchdog Investigates 'Excessive' Property Ownership Fees

Law360, London (June 11, 2019, 1:54 PM BST) -- The competition watchdog said Tuesday it has opened an investigation into whether landlords are forcing home buyers in the U.K. to pay onerous fees or making them sign unfair contracts, as lawmakers renew calls for an overhaul of the country's system of property ownership.

The Competition and Markets Authority said it will look into whether consumers are being treated fairly when buying homes and flats as leaseholders, and whether their landlords, or freeholders, have been honest about what they can and cannot do with the property.

The regulator said it is contacting developers, lenders and landlords over concerns that leaseholders have...

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