Pete Redfern informed LKP trustees Martin Boyd and Sebastian O’Kelly this morning:
“… we do not think it is appropriate to disclose specific information around sites or post codes linked to doubling ground rents, as this may amount to revealing the personal data of individual property owners.”
This response does not bode well for a resolution to this crisis by the plc housebuilder.
Taylor Wimpey has been undertaking a protracted “review” of the onerous leases it sold customers, and the highly remunerative freeholds that it created as a result.
Mr O’Kelly replied:
“It is perfectly reasonable that Taylor Wimpey provide full details of all flats and houses it sold where doubling ground rents apply.
“Similarly a list of all the investment entities to whom Taylor Wimpey has sold the freeholds.
“This information could be provided without any disclosure concerning past or current individual property owners …
“Your concerns about revealing personal data of individual property owners stretch credulity.”
Mr Redfern is meeting the chairmen of the All Party Parliamentary Group on leasehold reform, Sir Peter Bottomley and Jim Fitzpatrick, on March 23.
It has repeatedly declined to meet the full APPG.
In addition, Taylor Wimpey washes its hands of leases that have been re-sold or transferred by the original buyers:
“With regards to properties that were not acquired directly from Taylor Wimpey, as we are not able to comment on the sales process or the information that was made available to customers at the time of purchase, these will not be considered as part of our review.”
In other words, Taylor Wimpey accepts no responsibility for creating these toxic property assets in the first place.
On various Facebook groups set up by buyers, lawyers are touting for business offering their services in legal actions against Taylor Wimpey or the conveyancing solicitors that it recommended.
It seems that these issues are inevitably heading for the courts.