An investor who bought a Taylor Wimpey re-sale flat in London with doubling ground rent – and paid the Vincent Tchenguiz organisation £5,000 to vary the lease to rise with RPI – is to be included in the Taylor Wimpey settlement agreed with the Competition and Markets Authority.
Taylor Wimpey’s decision is an about-turn for the company that had been telling owners of re-sale properties with the toxic lease terms it created that there were on their own.
