fbpx
Chevron pointing up icon

Extortionate Ground Rents Results in Negligence Claims!

Solicitors in London

Extortionate Ground Rents Results in Negligence Claims!

News article published on: 26th September 2017

Leasehold ground rents have attracted much attention as negligence claims against solicitors have risen sharply in the last 12 months. The claims are from purchasers of leasehold properties who seek compensation in relation to ground rents that they were never advised about when they purchased their property. The claims largely relate to new build properties which are sold with ground rents that continue to double overtime and as some mortgage companies are refusing to lend on such properties, they are largely becoming unsaleable.

The government proposes to deal with the position and has highlighted the problem in their consultation paper “Tackling unfair practices in the leasehold market“ where proposals are invited as to how to limit ground rents. However it is likely any changes brought in will only apply to new leases and therefore lawyers may still remain at risk for failure to advise in connection with such ground rents.

To speak with a lawyer in our property department contact us on 0207 485 8811, or fill in our online form.

arrow pointing down
Testimonial:

"Jan Atkinson's "in-depth knowledge of the non-contentious work gives her an advantage when she's dealing with very difficult contentious issues, because she really understands what has gone wrong and how to get it right""

Chambers & Partners Directory 2020, Jan Atkinson

Camden

Livery House, 9 Pratt Street, London NW1 0AE
Tel: 020 7485 8811 Fax: 020 7485 5660
DX Number 57053 Camden Town

Hampstead

28A Hampstead High Street, Hampstead, NW3 1QA
Tel: 020 7485 8811 Fax: 020 7485 5660

Your Privacy | Cookies Policy

Contact a Lawyer

Enter your details below to receive a call from Osbornes:


Request Callback