compensation

Calls for leasehold new build sales to end in the UK

Newly built homes in the UK are being left unsaleable after catching house buyers in a leasehold property trap, with owners being asked to fork out five figure sums for freeholds, it is claimed. With a 999 year long lease and marketing describing them as ‘virtually freehold’, new build properties are becoming increasingly attractive to […] The post Calls for leasehold new build sales to end in the UK appeared first on PropertyWire . Continue reading

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New UK high speed rail link could see new housing estate demolished

The UK Government has set out its preferred route for the new high speed rail network from Birmingham to Manchester and Leeds but been criticised as it could mean the demolition of a new housing estate. Officials have confirmed that home owners will be compensated for property that needs to make way for HS2 which […] The post New UK high speed rail link could see new housing estate demolished appeared first on PropertyWire . Continue reading

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UK financial watchdog reveals mortgage lending glitch

More than 750,000 mortgage borrowers in the UK could be in line for compensation as a result of their bank overcharging them when they fell behind on repayments. Financial watchdog, the Financial Conduct Authority, has revealed that technical glitches in many lenders’ systems had resulted in hundreds of thousands of customers being hit with excessive […] The post UK financial watchdog reveals mortgage lending glitch appeared first on PropertyWire . Continue reading

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