New policy could have material impact on specialist housebuilder
Thursday 01 Mar 2018 Author: Tom Sieber

Retirement housebuilder McCarthy & Stone’s (MCS) upcoming first half trading update on 6 March is likely to be overshadowed by the impact of changes to the rules surrounding ground rents.

The company says it should be exempt from a proposed reduction in ground rents to zero as it does not employ the rapidly increasing rents targeted by the new policy.

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