PROPERTY DISPUTES

MIS-SOLD LEASEHOLD PROPERTIES

Have you purchased a new leasehold property within the last six years? Do you feel that you were mis-advised when you purchased the property? Are you faced with ground rents that double every few years? Did you think that you could purchase the freehold only to now find out that it will cost thousands of pounds more? If the answer to any of these questions is yes, then you may have a claim against your conveyance solicitors for professional negligence.

If you would like to discuss any of our services with us, feel free to contact us using the form below or give us a call at 0161 669 4621 for a free no obligation chat. We look forward to assisting you with your legal concerns.

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If you would like any further information or need advice about any dispute, please get in touch with us today. You can contact us today on 0161 669 4621 or by email on sbirchall@birchlaw.co.uk for a free no obligation chat.

If you believe that you have been mis-sold a leasehold property you should contact our experienced mis-sold leasehold solicitors today on 0161 669 4621 or by email to sbirchall@birchlaw.co.uk for a free no obligation chat. Our expert team have experience of bringing successful claims against solicitors for failing to properly advise their clients when dealing with the purchase of a leasehold property. Please note that there are strict time periods to bring a claim. It is therefore important that you contact our expert solicitors as soon as possible.

A leasehold property is one where the owner does not actually own the land upon which the property is situated on. They instead have the right to occupy that property for a specific number of years and after that period ends ownership reverts back to the freehold owner.

During their period of occupation, the leasehold owner is normally bound by certain covenants including an obligation to pay the freehold owner ground rent every year and the need to obtain the freehold owner’s consent to carry out certain alterations to the property. These covenants can have a serious impact upon the value of the property and an individual’s ability to obtain a mortgage on it.

The impact of these covenants should have been clearly set out when the leasehold owner purchased the property. If they weren’t then the leasehold owner may be able to bring a claim against their conveyance solicitor for professional negligence.

Historically, ground rent was just a nominal sum. However, there has been a growing trend for property developers to generate additional revenue by charging an increased ground rent of say £200 to £400 and then doubling this every 5 or 10 years. As a result, ground rents can quickly escalate and, before you know it, can run into the thousands of pounds. This has a detrimental impact upon both the value of the property and your ability to get a mortgage on it. In some instances, we have seen property values diminish by up to 20% because of onerous ground rent clauses.

Freehold owners can also hold leasehold owners to ransom when it comes to alterations to their property. We have seen instances where freehold owners have demanded thousands from leaseholders to consent to simple alterations.

Many leasehold owners were not properly advised when they purchased their property. As a result, they now find themselves stuck with a property that they can’t sell and spiraling ground rents.  When you purchased the property your conveyance solicitor should have set out the impact of these covenants on you and the property. If they didn’t then you have grounds to bring a claim against them for negligence. Your claim would be for damages to compensate you for the losses suffered because of the negligent advice.

We operate on a no win no fee basis. This means that if we lose your case, you won’t pay us a penny. If we are successful, our costs are deducted from any money we recover for you. The amount we will deduct will never exceed 25% plus VAT of your total compensation.

Whichever funding route you choose, you can rest assure that our experienced solicitors will always do their utmost to keep costs as low as possible. If you would like to discuss any of our services with us, feel free to contact us using the form below or give us a call at 0161 669 4621 for a free no obligation chat.

HOW WE CAN HELP YOU

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BOOK A TIME TO DISCUSS YOUR MATTER

Please complete our online enquiry form or contact us at sbirchall@birchlaw.co.uk for your free 30 minute consultation. You will be able to choose a time and date that works for you.

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MEET WITH ONE OF OUR ADVISORS

Meet with one of our advisors on MS Teams, Zoom, by telephone or in person. They will find out about your legal needs and discuss how best we can help you. We will set out your options and provide transparent costs information so you can make an informed decision as to how you want to proceed.

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IMPLEMENT

Once we have agreed on the correct course of action for you, we will then implement and execute your instructions.

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