Leasehold Compensation - How Much Can I Claim?
The amount of compensation you can claim will depend on what your leasehold issue is and the amount of loss you’ve experienced.
We understand that every situation will be different, but our Professional Negligence Solicitors will work hard to get you the very best outcome, with a settlement that fairly compensates you. We’ll always work flexibly to suit you, and we can deal with many leasehold compensation claims on a No Win, No Fee basis – just ask us for details.
Leasehold Claims We Can Help You With
We’ve helped many leaseholders to successfully make a claim after they were let down by a negligent Conveyancer or Solicitor, who should have advised them about any issues with ground rent clauses or a short lease term before buying their leasehold property.
For example, was your lease term below or close to falling below 80 years before you bought the property? Was a rising ground rent clause included in the contract? If you answered yes to either of these, and you don’t remember being talked through the potential risks, you might be eligible to make a leasehold claim for compensation.
Here are some examples of people we’ve helped:
£9,000 Compensation for Rising Ground Rent
We helped a couple secure £9,000 after they bought a leasehold property that came with an annual ground rent that increased every 10 years.Read the Full Case Study
£13,000 Compensation for Rising Ground Rent
A man was awarded £13,000 in compensation after he was unable to sell his property because of a rising ground rent clause.Read the Full Case Study
What Will You Be Compensated For?
Your compensation settlement will usually be calculated to reflect:
- Any decrease in the value of your property because of a short lease term
- Being unable to secure a mortgage or sell your home because of a short lease term or ground rent clause
- Any financial loss you’ve suffered because of a doubling or increasing ground rent clause
As every case is different, we can’t give you an exact value straight away, but our Professional Negligence Solicitors can give you an estimation of how much your claim might be worth. To assess the amount we think you deserve, we’ll:
- Access the files from your previous Solicitor or Conveyancer for evidence of negligence
- Get an expert opinion from a Chartered Surveyor about the financial damage the ground rent clause or short lease term has caused i.e. how much it has decreased the value of your property by
We understand that money isn’t the only frustration you’re experiencing either. You’re probably feeling very let down by your Conveyancer or Solicitor, who should have advised you about any issues with your leasehold before you bought the property.
Does it Cost to Make a Claim?
We offer a free lease health check where we’ll assess your situation to see if you’ve got potential grounds for a claim, with no obligation to continue.
We handle many leasehold compensation claims on a No Win, No Fee basis, which means you’ll only pay our fees if we successfully win your case. So don’t let costs put you off making a claim if you’ve been let down by an issue with your leasehold.
How Long Does the Process Take?
The claims process will usually take 1 to 2 years to complete, but it can depend on whether or not the Conveyancer or Solicitor is denying negligence. We’re also seeing some delays with leasehold claims because of the Coronavirus pandemic.
Our Professional Negligence Solicitors can advise you on how long we think your claim will take once we’ve assessed your case. Whatever your situation, we’ll aim to move your claim forward as quickly as possible.
Get in touch today for a free initial chat about your leasehold.
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Simpson Millar Solicitors are a national law firm with over 500 staff and offices in Bristol, Cardiff, Lancaster, Leeds, Liverpool, London and Manchester.