News
Housebuilders to pay £100m for affordable housing following CMA probe
The £100m payment is set to fund hundreds of new affordable homes for low-income households, FTBs and vulnerable people across all four nations.
CMA
Lead Story
Government commits to addressing housebuilding recommendations
Earlier this year the CMA made 11 recommendations highlighting ongoing issues in the housebuilding market.
Lead Story
Nationwide acquisition of Virgin “could be a positive for borrowers,” say brokers
Newspage asked brokers if they feel Nationwide's acquisition of Virgin Money will reduce competition in the UK mortgage market.
Development Finance
“The CMA is right to look under the bonnet of the Barratt Redrow transaction,” say brokers
The Competition and Markets Authority (CMA) is currently assessing whether the proposed acquisition of Redrow by Barratt.
Lead Story
CMA suspects sharing of commercially sensitive information by housebuilders – reaction
The CMA has opened a new investigation into the suspected sharing of commercially sensitive information, which could be influencing the build-out of sites and the prices of new homes.
News
STEP report reveals costly pitfalls of unqualified will advisors
A lack of regulation in the will-writing industry in England and Wales is leading to erroneous wills, hidden fees, and gross incompetence, costing individuals and families millions in extra taxes and distress, according to a new report by STEP, the professional body for inheritance advisors.
Technology
CMA to review competition and consumer protection in AI foundation models
Sarah Cardell, chief executive of the CMA, highlighted the importance of making the benefits of AI technology accessible to UK businesses and consumers while protecting them from issues such as false or misleading information.
Featured
Thousands more leaseholders to get money back – CMA
After Competition Market Authority (CMA) action, thousands of leaseholders who paid a doubled ground rent will receive refunds.