Tag: trap

Court threat to housebuilders over leasehold ‘trap’

Image copyright Getty Images Four of the UK’s largest housebuilders are being investigated after “troubling evidence” was uncovered over the way leaseholds were sold. Barratt Developments, Countryside Properties, Persimmon Homes and Taylor Wimpey face action from the Competition and Markets Authority (CMA). Buyers have argued that they were caught in a leasehold trap, with rising ground rents and unfair fees.… Read more →

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Coronavirus: Young people ‘face trap of world without work’

Image caption The study warns that the youth unemployment rate could spike in the autumn The economic damage of the coronavirus crisis will hit young workers hardest, an Ulster University study has suggested. It estimated that youth (ages 16-24) unemployment in Northern Ireland could jump from 8% to 26% in 2020. That compares to an estimated unemployment rate of about… Read more →