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Money Box: New hope for leaseholders

29/02/2020

New hope for leaseholders

BBC Radio 4 - Money Box, New hope for leaseholders

Leasehold homeowners 'misled' by developers according to Competition and Markets Authority

The CMA's damning verdict on leasehold homes, low returns for people under 27 in NEST pension scheme and the Student Loans Company's new system to stop graduates overpaying

People who bought leasehold homes from developers were "misled". That is the damning verdict of a report by the Competition and Markets Authority. They say its findings support calls for a change in the law in this area and that they are ready to take this fight to the courts to force developers to change their ways bringing new hope to leaseholders.
 
Young savers in the government-backed pension scheme called NEST see their money grow more slowly than older people because their contributions are automatically put into a low risk, lower return fund.

And after years where hundreds of thousands of students have overpaid their student loans by hundreds of millions of pounds, the Student Loans Company is starting to trial a system to automatically refund customers who have over-paid on their student loan repayments.

Presenter: Paul Lewis
Reporter: Dan Whitworth
Producer: Alex Lewis
Editor: Emma Rippon

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