It has a ground rent of £8,000 a year, and the deed of variation outlining this condition does not appear to be in the legal documentation accompanying the sale.
The flat belongs to Margaret Anne Kirmond, wife of Martin Paine, through F.t.z. Limited. She is also the freehold owner of Blythe Court through Mercia Investment Properties Limited. Circle Residential Management Limited, of which Martin Paine is a 50 per cent shareholder with his wife, manages the site.
An early day motion in the Commons today by Sir Peter Bottomley called on the auctioneers to suspend the sale.
Sir Peter believes that “essential information of penal ground rent provisions that make the premises worthless” is being withheld from would-be purchasers.
At 12.56 today Sir Peter and LKP were assured the sale of the Paines’ flat would be suspended.
Chris Glenn, divisional managing director of Sequence Auctions / Barnard Marcus Auctions, stated:
“Our press office received a call from The Sun newspaper this morning in respect to this matter and, whilst raising the query with me, I received a call (and subsequent e mail ) from Sir Peter.
“We have removed the supporting legal bundle from our web site and placed a notification that we are investigating matters surrounding the legal pack.
“These investigations are now underway and we have raised a number of questions with our clients’ solicitor and our client.
“Once we have received satisfactory answers together with any required documentary evidence, we can then draw our conclusions and decide the best course of action.”
Sir Peter replied that “The word ‘full’ may be better than ‘satisfactory’ ” in relation to the answer from Martin Paine and Margaret Anne Kirmond.