Housebuilders are to be investigated over the mis-selling of thousands of leasehold properties after a U-turn by the competition watchdog amid pressure from ministers.
The Competition and Markets Authority (CMA) said it would examine the scandal surrounding new-build homes sold on leases that were subject to substantial increases in ground rents and the charging of ?permission fees? for home improvements.
Flawed system leaves leaseholders at risk of exploitation by developers, freeholders and managing agents ? urgent reform needed.