The Competition and Markets Authority has announced that it has closed its three year investigation into Barratt in relation to the sale of leasehold homes.
In a statement the CMA said: “Following careful scrutiny of the evidence gathered, the CMA concluded that it was insufficient to support a clear legal case for the CMA to secure collective redress for Barratt leaseholders under its consumer law powers. This was unlikely to change with further investigation and consequently continuing with the case would not be a good use of resources. Barratt’s sales practices have changed, and they no longer sell leasehold houses.”
Barratt has said that it was “pleased” with the announcement, stressing that it has “worked constructively with the CMA throughout”. The firm said: “Barratt is committed to putting its customers first and has been awarded a 5 Star rating by its customers for 13 successive years.”
