Further Investigation into Mis Sold Leases
Updated: May 19, 2019
The competition watchdog has outlined plans to investigate the extent of any potential leasehold mis-selling and onerous terms. However, the scope of the investigation is to look into the practice of selling from unfair contract terms.
The difficultly with looking at the practice from unfair contract terms is that purchasers bought their home with the benefit of legal advice from their Solicitor. As a purchaser had the benefit of this expert legal advice the usual principle that applies in property purchases would be "buyer beware".
While everyone (except for the property developers and the Solicitors they recommended) will welcome the investigation, we are sadly not holding our breath that there will be a significant outcome for the thousands already effected.
So the question is, why wait?
Chances are you probably used the Solicitor recommended by the developer who may have had a financial relationship with the developer. Your conveyancing solicitor should have warned you about the financial implications of the ground rent terms when advising you about buying your home, but, they didn't.
If they failed to advise you or your lender about either the terms of your property’s lease or freehold during the conveyancing process, they may have caused you to experience considerable financial loss. This is an example of professional negligence.
Corvus Legal Support are committed to helping anyone has has been mis-sold a lease to get justice. Give Corvus a call on 0330 330 9728 today for a free, no-obligation consultation.
See - https://www.aol.co.uk/news/2019/05/15/competition-watchdog-outlines-plans-to-investigate-leasehold-sec/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJikc2wnW1H9mQO3t4LoIaqxyhS9jIbBI36b8vdxN0xSEbxut648jTS24qp6iPRng9w57hKJyga-yMN7jbikZe_vQwOA0CT9K_h25YaqMKiy6rXO1NX8-_Et-t4nRhJHYlLCIPL2johzRZZCCV26Y_VWtUVU18yLX9uTqVCHfarT