Taylor Wimpey is investigating various leasehold contracts drawn up as long ago as 2007, that mean homeowners face their ground rents doubling every 10 years.
The company’s chief executive, Pete Redfern, said customers had raised the issue at the end of last year, and that an update of the situation was expected in April. The company halted the policy in 2011.
The company’s results showed a 21.5% rise in pretax profit last year, and an 11% increase in the average selling price. A competitive mortgage market and low interest rates are underpinning the market, Redfern said.
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