|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||13.10 - 13.10|
|52-week range||13.10 - 18.55|
|Beta (5Y monthly)||1.56|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The company has agreed to end the doubling of ground rents every 10 to 15 years following an investigation by the Competition and Markets Authority.
The company said it would set aside 5 million pounds ($6.9 million), in addition to a 10-million-pound previous provision to repay affected customers as part of a ground rent assistance scheme. Ground rent is a fee paid by leaseholders to cover the land a home sits on. Britain's Competition and Markets Authority (CMA) launched an investigation last September, filing cases against property developers Barratt, Taylor Wimpey and Persimmon besides Countryside.
Barratt Developments, Persimmon Homes, Taylor Wimpey and Countryside - in relation to possible mis-selling of leasehold homes and high ground rents. The two homebuilders can respond to the watchdog's concerns and avoid court action by signing formal commitments known as 'undertakings' to remove the ground rent terms from their leasehold contracts.