Persimmon to pay compensation after competition investigation

By Joey Gardiner2021-06-23T10:05:00

Regulator is still pursuing Taylor Wimpey, Countryside and Barratt over sale of leasehold homes

Housebuilder Persimmon has agreed a deal with the Competition and Markets Authority which will see it spend millions compensating historic buyers of leasehold tenure houses from the firm.

A series of undertakings agreed with the competition regulator will see Persimmon guarantee to sell the freehold of houses bought originally on a leasehold basis back to the customer for just £2,000.

…

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community