RE: CMA Enforcement4 Sep 2020 15:22
This isn't meant to come across as callous as I know a lot of people have been effected by this leasehold issue. What I am have been trying to fathom out is how this has happened in the first place. I don't think I am wrong in saying that when the majority of people buy a house they undertake some due diligence into the property they are spending their hard earn cash in buying. This usually takes the form of appointing a Conveyancing Solicitor to carry out all the legal aspects of transferring the ownership of the property from the seller to the buyer. As part of this process the Solicitor will establish whether the property is freehold and leasehold. It is at this point the Solicitor would have been made fully aware of the terms of the leasehold. This information would then have been passed on to the Purchaser who would need to make a decision as to whether to pursue with the purchase or not. Surely it' a case of 'you pays your money and you takes your chances' or failing this the Solicitors professional fault for not disclosing the terms? If blame lies anywhere shouldn't it fall on the Solicitor or, perish the thought, the Purchaser? Please feel free to educate me if I'm missing something. Thanks.