Ground rent ‘scandal’ shakes Taylor Wimpey

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 · Scandal-hit Taylor Wimpey was last night accused of breaking its promise to ride to the rescue of furious customers trapped in homes with soaring ground rents. The builder has faced fierce.

Taylor Wimpey plc (formerly Taylor Woodrow plc) is one of the largest British based housebuilding companies.It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.Its operational headquarters in the United Kingdom are in High Wycombe.. The company was created from the merger of rivals taylor woodrow and George Wimpey on 3 July 2007.

The Taylor Wimpey ground rent scandal involves thousands of purchasers of the company’s new build properties who have acquired a 10 year doubling lease. These leases incorporate a ground rent clause which rises year on year to the point where the property is likely to become un-mortgageable and difficult to sell.

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I’ll rescue the leasehold home victims, says new Housing Secretary – but crackdown could hammer housebuilders Housing Secretary Robert Jenrick is planning to take action within weeks He told the Mail on Sunday inappropriate use of leasehold must be brought to an end’ His intervention is likely to heap more pressure on the major housebuilders By [.]

Taylor Wimpey is reviewing leaseholds sold between 2007 and 2011. The £6.4billion firm stopped the policy of doubling ground rents every decade in 2011 and now does not sell leasehold homes.

Scandal-hit Taylor Wimpey was last night accused of breaking its promise to ride to the rescue of furious customers trapped in homes with soaring ground rents. The builder has faced fierce.

Taylor Wimpey earmarks 130m to help leaseholders hit by rent review clauses – Taylor Wimpey said it has entered into negotiations with the owners of the freeholds who hold the power to double ground rent in order to alter the terms. the situation "nothing short of a national. taylor wimpey ground rent Scandal: Specialist Negligence.

The Taylor Wimpey ground rent scandal involves thousands of purchasers of the company’s new build properties who have acquired a 10 year doubling lease. These leases incorporate a ground rent clause which rises year on year to the point where the property is likely to become un-mortgageable and difficult to sell. The leasehold scandal.

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