• Menu
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Before Header

  • Home
  • What is LKP
  • Find everything …
  • Contact
Donate

Leasehold Knowledge Management Logo

Secretariat of the All Party Parliamentary Group on leasehold reform

Mobile Menu

  • Home
  • What is LKP
  • Find everything …
  • Contact
  • Advice
  • News
    • Find everything …
    • About Peverel group
    • APPG
    • ARMA
    • Bellway
    • Benjamin Mire
    • Brixton Hill Court
    • Canary Riverside
    • Charter Quay
    • Chelsea Bridge Wharf
    • Cladding scandal
    • Competition and Markets Authority / OFT
    • Commonhold
    • Communities Select Committee
    • Conveyancing Association
    • Countrywide
    • MHCLG
    • E&J Capital Partners
    • Exit fees
    • FirstPort
    • Fleecehold
    • Forfeiture
    • FPRA
    • Gleeson Homes
    • Ground rent scandal
    • Hanover
    • House managers flat
    • House of Lords
    • Housing associations
    • Informal lease extension
    • Insurance
    • IRPM
    • JB Leitch
    • Jim Fitzpatrick MP
    • John Christodoulou
    • Justin Bates
    • Justin Madders MP
    • Law Commission
    • LEASE
    • Liam Spender
    • Local authority leasehold
    • London Assembly
    • Louie Burns
    • Martin Paine
    • McCarthy and Stone
    • Moskovitz / Gurvits
    • Mulberry Mews
    • National Leasehold Campaign
    • Oakland Court
    • Park Homes
    • Parliament
    • Persimmon
    • Peverel
    • Philip Rainey QC
    • Plantation Wharf
    • Press
    • Property tribunal
    • Prostitutes
    • Quadrangle House
    • Redrow
    • Retirement
    • Richard Davidoff
    • RICS
    • Right To Manage Federation
    • Roger Southam
    • Rooftop development
    • RTM
    • Sean Powell
    • SFO
    • Shared ownership
    • Sinclair Gardens Investments
    • Sir Ed Davey
    • Sir Peter Bottomley
    • St George’s Wharf
    • Subletting
    • Taylor Wimpey
    • Tchenguiz
    • Warwick Estates
    • West India Quay
    • William Waldorf Astor
    • Windrush Court
  • Parliament
  • Accreditation
  • [Custom]
Menu
  • Advice
  • News
      • Find everything …
      • About Peverel group
      • APPG
      • ARMA
      • Bellway
      • Benjamin Mire
      • Brixton Hill Court
      • Canary Riverside
      • Charter Quay
      • Chelsea Bridge Wharf
      • Cladding scandal
      • Competition and Markets Authority / OFT
      • Commonhold
      • Communities Select Committee
      • Conveyancing Association
      • Countrywide
      • MHCLG
      • E&J Capital Partners
      • Exit fees
      • FirstPort
      • Fleecehold
      • Forfeiture
      • FPRA
      • Gleeson Homes
      • Ground rent scandal
      • Hanover
      • House managers flat
      • House of Lords
      • Housing associations
      • Informal lease extension
      • Insurance
      • IRPM
      • JB Leitch
      • Jim Fitzpatrick MP
      • John Christodoulou
      • Justin Bates
      • Justin Madders MP
      • Law Commission
      • LEASE
      • Liam Spender
      • Local authority leasehold
      • London Assembly
      • Louie Burns
      • Martin Paine
      • McCarthy and Stone
      • Moskovitz / Gurvits
      • Mulberry Mews
      • National Leasehold Campaign
      • Oakland Court
      • Park Homes
      • Parliament
      • Persimmon
      • Peverel
      • Philip Rainey QC
      • Plantation Wharf
      • Press
      • Property tribunal
      • Prostitutes
      • Quadrangle House
      • Redrow
      • Retirement
      • Richard Davidoff
      • RICS
      • Right To Manage Federation
      • Roger Southam
      • Rooftop development
      • RTM
      • Sean Powell
      • SFO
      • Shared ownership
      • Sinclair Gardens Investments
      • Sir Ed Davey
      • Sir Peter Bottomley
      • St George’s Wharf
      • Subletting
      • Taylor Wimpey
      • Tchenguiz
      • Warwick Estates
      • West India Quay
      • William Waldorf Astor
      • Windrush Court
  • Parliament
  • Accreditation
You are here: Home / Latest News / Developer recommended solicitors could face £500m bill, says Daily Mail

Developer recommended solicitors could face £500m bill, says Daily Mail

April 22, 2017 //  by Sebastian O'Kelly

The same small number of legal firms recommended by developers when selling properties with onerous ground rent terms could face legal bills of up to £500m, says the Daily Mail.

Many buyers were lured by discounts on purchase prices and on legal fees for using the recommended solicitors.

Louie Burns, of Leasehold Solutions, was quoted saying: “I wonder whether these companies have really told their customers if they’re facing a bad deal.

“They have been handed several hundreds of thousands of pounds in fees thanks to developers.”

More than 42,500 new leasehold properties were sold in 2015 – and Mr Burns says payouts for negligence could hit £578million for that year alone.

The article quoted a survey of buyers by Leasehold Knowledge Partnership, which found that Taylor Wimpey had the worst examples of doubling ground rents.

Sebastian O’Kelly, of Leasehold Knowledge Partnership, was quoted saying: “Now some of these properties are coming on to the market as resales, and other solicitors are looking askance at these lease terms and advising buyers to pull out.”

Related posts:

Bannister Preston and Cohen Filippini Solicitors ‘errors’ over ground rents, says BBC MPs and LKP demand end to developers’ ‘stooge’ solicitors 71% of leasehold house buyers used developer recommended solicitors Taylor Wimpey recommended conveyancing solicitors go bust after one is jailed for stealing £280,000 Default ThumbnailSolicitors squabble in High Court, while leaseholders face a £30,000 right to manage legal bill

Category: Ground rent scandal, Latest News, News, Press, Taylor WimpeyTag: Daily Mail, Leasehold Solutions, Louie Burns, Sebastian O’Kelly

Latest Tweets

Tweets by @LKPleasehold

Mentions

Anthony Essien (34) APPG (37) ARMA (87) Bellway (30) Benjamin Mire (32) Cladding scandal (71) Clive Betts MP (31) CMA (45) Commonhold (52) Competition and Markets Authority (41) Countryside Properties plc (33) FirstPort (42) Grenfell cladding (56) Ground rents (54) Harry Scoffin (150) James Brokenshire MP (31) Jim Fitzpatrick (35) Jim Fitzpatrick MP (30) Justin Bates (40) Justin Madders MP (67) Katie Kendrick (37) Law Commission (60) LEASE (66) Leasehold Advisory Service (62) Leasehold houses (32) Long Harbour (48) Martin Boyd (80) McCarthy and Stone (39) National Leasehold Campaign (38) Persimmon (49) Peverel (61) Property tribunal (49) Redrow (30) Retirement (37) Robert Jenrick (33) Roger Southam (47) Sajid Javid (38) Sebastian O’Kelly (55) Sir Peter Bottomley (201) Taylor Wimpey (106) Tchenguiz (33) The Guardian (33) The Times (31) Vincent Tchenguiz (43) Waking watch contracts (40)
Previous Post: « Will Astor should come to meet leasehold house owners in Ellesmere Port
Next Post: MP urges Commons to condemn developers selling leasehold houses with onerous ground rents. And names Taylor Wimpey, Persimmon, Bellway and Adriatic Land … »

Reader Interactions

Comments

  1. lEASETENANT

    April 26, 2017 at 5:24 pm

    It would be interesting to hear from a conveyancer recommended by developers.
    .
    Doubling ground rent leases are standard and not against the law. They are not allowed to give financial advice and know that the purchaser will lose their deposit, valuation fee and pay for legal work if the purchase is stopped at this late stage. Builder plcs never give full up front information on charges and by the time purchaser sees the lease they are caught emotionally and financially.

    Also the HELP TO BUY online calculator does not even include double ground rents, just the first payment. So the government (Gavin Barwell,DCLG,LEASE etc) has taken no action and are tacitly giving support to these practices by giving millions of taxpayers money to builders in a vague hope they will treat customers fairly. Why would they when this is a once in a lifetime opportunity to make massive profits because of government incompetence.

    The leasehold law is so complex, so rotten and so unfair to ordinary homebuyers nothing will change until leasehold is abolished and the unfair terms rescinded.

    Theresa May’s catch phrase is working for ordinary people not the privileged few. Well here is a manifesto opportunity to better a few million leaseholders lives versus a few greedy freeholders.

    If remortgaging becomes a problem it is truly a financial catastrophe for potentially over a million leaseholders and makes PPI look insignificant.

    I might be naive but don’t understand why more MPs are not pushing for reform. My Tory MP says he has written to Gavin Barwell and that is it, when I asked him to join the APPG.

    ..

Above Footer

Advising leaseholders. Avoiding disasters.
Stopping forfeiture. Exposing abuses. Urging reform.

We depend on individuals for the majority of our funding.

Support Us and Donate

LKP Managing Agents

Become an LKP Managing Agent

Common Ground
Adam Church
Blocnet property management2

Stay in Touch

To achieve victory in the leasehold game where you are playing against professionals and with rules that they know all too well - stay informed with the LKP newsletter.
Sign Up for Newsletter

Professional Directory

The following advertisements are from firms that seek business from leaseholders.
Click on the logos for company profiles.

Footer

About LKP

  • What is LKP
  • Privacy and data

Categories

  • News
  • Cladding scandal
  • Commonhold
  • Law Commission
  • Fleecehold
  • Parliament
  • Press
  • APPG

Contact

Leasehold Knowledge Partnership
Open Data Institute
5th Floor
Kings Place
London N1 9AG

sok@leaseholdknowledge.com

Copyright © 2023 Leasehold Knowledge Partnership | All rights reserved
Leasehold Knowledge Partnership Limited (company number: 08999652) is a company limited by guarantee that is a registered charity (number: 1162584) with the Charities Commission.
LKP website is hosted at www.34sp.com
Website by Callia Web