Have you bought a leasehold property and suffered financial loss because your Conveyancing Solicitor didn’t tell you or your lender of the property’s lease terms? If so, you may be able to make a professional negligence claim for compensation.
Hundreds of people have contacted us for free legal advice in relation to professional negligence claims and we have successfully taken cases to the Court of Appeal.
For free legal advice call our Professional Negligence Solicitors. Ask if we can deal with your claim on a No Win, No Fee basis.
Leasehold Property Issues
People who buy a leasehold property will own the house (bricks and mortar), but not the land that the house is built on. That’s owned by the freeholder, to whom you’ll have to pay ground rent, and get consent from if you want to make any changes to the property, such as adding a conservatory. And once the leasehold has ended, the title of your property returns back to the freeholder.
Many buyers of leasehold properties have encountered a host of problems, such as:
- The freehold being sold to a third party
- Increases in ground rent and/or service charges
- Not being able to afford to buy the freehold
- Adverse rent clauses making properties unsellable
If this happens, you may feel you’ve been badly let down by your Solicitor or Conveyancer, and that you were given bad advice before purchasing your home. They should have informed you about the possible financial implications of the ground rent and other issues that can arise if there’s an increase in the price of the freehold. Also, your Solicitor or Conveyancer should have let your mortgage lender know of any increase in ground rent, since this could have an impact on the property’s value.
If you’ve been affected like this, you may be able to claim against the Solicitor or Conveyancer you hired to deal with the purchase of your home.
How Simpson Millar Can Help You
Our Professional Negligence Solicitors understand the issues you face and will ensure you’re not let down for a second time. We can act if you feel mistakes have been made by the Solicitor or Conveyancer who advised you throughout the buying process.
We can also review your Solicitor’s file of papers and let you know if you have a good chance of succeeding with a professional negligence claim.
We’ve recently been working in association with the National Leasehold Campaign to raise awareness of the leasehold property clauses scandal.
We’ve identified many instances of a lease containing a ground rent clause which doubles every 10 years up to a maximum of 50 years, and the Solicitors who were instructed to represent the buyer didn’t identify it properly, nor let their client know what adverse effects this could have on the property.
For free legal advice call our Professional Negligence Solicitors
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