News article published on: 7th August 2020
House buyers and sellers should be wary of ‘too good to be true’ property raffles
Shilpa Mathuradas, Head of Property Litigation at London law firm Osbornes Law, has been quoted in Inside Conveyancing, providing a lawyers perspective on property raffles. She advises that they are a legal minefield and many are too good to be true. She says: “Property raffles offer the buyer the chance to get a property for a couple of pounds while offering the vendor the chance to get more than the recommended price for their property. This would appear to be a win-win situation, but in reality property raffles are a legal minefield. Many are simply too good to be true.”
The article was posted on Friday 7th August, and can be read here.
In the past few weeks there has been a stark increase in the number of property raffles, with homes from city flats to 16th century manors being put on the market in this way.
To speak with Shilpa or another member of the Property Litigation team, contact us on 020 7485 8811 or fill in an online enquiry form.
Shilpa was also quoted in Property Reporter, and the full article can be found here .