• 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
    • 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
      • 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 / ‘New-build ground rent scandal could spark legal battles,’ says Guardian

‘New-build ground rent scandal could spark legal battles,’ says Guardian

November 19, 2016 //  by Sebastian O'Kelly

guardianmoneynov19Lawyers have contacted the Guardian newspaper to say that buyers of new-build houses and flats with crippling ground rent clauses could take legal action.

The full article can be read here 

Graham Balchin, of solicitors Carter Lemon Camerons says: “It is a requirement of most lenders [see the CML Handbook section 5.14.9] that the lender is informed of any increase in the ground rent that may materially affect the value of the property.

“If the conveyancing solicitor fails to warn the purchaser, and any lender providing a mortgage secured on the property, that the lease terms may adversely affect the value of the leasehold property, they may be liable in negligence.”

The Guardian says that many young buyers are encouraged by developers to use solicitors for conveyancing recommended by them, who then fail to warn the buyer of the onerous ground rent clauses.

The newspaper reports Sir Peter Bottomley asking Taylor Wimpey whether there is “any reason to sell a new house leasehold except to put the new owner at a disadvantage”.

It notes that Taylor Wimpey CEO Pete Redfern has indicated that the company is “undertaking a review” into ground rent clauses, particularly those on properties sold between 2007 and 2011.

The newspaper reports LKP’s finding that nearly £2bn of new-build leasehold houses were sold in England and Wales last year.

Related posts:

Guardian sticks with new-build ground rent scandal, while LKP advises Persimmon home buyers to walk away Guardian’s Patrick Collinson welcomes Nationwide exploding the ground rent scandal Guardian reports the Taylor Wimpey £130m offer to settle ground rent scandal Guardian reports the Blythe Court ground rent scandal Fill in our survey to demonstrate the new-build ground rent scandal

Category: Ground rent scandal, Latest News, News, Press, Taylor WimpeyTag: Patrick Collinson, Pete Redfern, Sir Peter Bottomley, Taylor Wimpey, The Guardian

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 (44) Commonhold (52) Competition and Markets Authority (39) Countryside Properties plc (33) FirstPort (40) 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 (64) 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 (200) Taylor Wimpey (106) Tchenguiz (33) The Guardian (33) The Times (31) Vincent Tchenguiz (42) Waking watch contracts (40)
Previous Post: « Taylor Wimpey CEO says doubling ground rent scandal under ‘review’. But Bottomley asks: ‘Have innocent homebuyers been shafted?’
Next Post: Sunday Telegraph says ‘New homes, yes, but not leasehold’ »

Reader Interactions

Comments

  1. Michael Hollands

    November 19, 2016 at 9:29 am

    All the more reason for Taylor Wimpey to settle this now.
    Before the Legal Profession gets involved, costs escalate and reputation is tarnished for ever..

  2. Michael Epstein

    November 19, 2016 at 6:05 pm

    But for the “oxygen of publicity” afforded by campaigning sites such as this one, what chance would individual leaseholders have of overturning something that is so manifestly unfair?
    Thank you Carl;ex and LKP

    • Leaseholder

      November 20, 2016 at 11:20 am

      Exactly! If it wasn’t for the publicity leaseholders are lambs for the slaughter.. It seems clear that what is needed here is sweeping legislation, so this kind of injustice is not allowed to happen in the first place.

      Also WIMPEY may still have some interest in maintening a reputation, – many others could not give a rats ass for their reputation, they just want the money. Naming and shaming is not a solution.

      • Kim

        December 19, 2016 at 10:41 am

        Michael, their reputation is already Tarnished. It’s rather like Phillip Greens ‘ Bauble’ . The best they can do is splash the cash to buy the freeholds back for the leaseholders otherwise the British Public should demonstrate outside their officies. This to me requires poll tax demonstration unless these unscrupulous outfits pay up. Incidentally, I have not been personally affected but smart incensed at the injustice of it all.

  3. Interested

    November 20, 2016 at 12:17 pm

    I have said this few weeks ago. If you go back I have said that legal action must be taken by the leaseholders against the solicitors who acted on purchase of these lease. That is the simplest route.

    • Leaseholder 2

      December 18, 2016 at 5:33 pm

      NO ‘Interested’. ACTION must be taken against the unscrupulous FREEHOLDERS/ SPIVS who buy the ground rent to extort money from leaseholders who are wet behind the ears. Additionally, the dishonest managing agents employed by the spivs should get a kick up the jacksi and impressed if there is commited fraud. DRAIN THE SWAMP!!!!!!!!!

  4. Leaseholder 2

    December 18, 2016 at 5:34 pm

    IMPRISONED.! Typo

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