LEASEHOLD PROPERTY BUYERS MISLED

Mar 02 | 2020
  Are you a leaseholder?  Do you feel that you have been misled by a developer? Are you now regretting purchasing a leasehold property? The Competition and Markets Authority (CMA) are reported to have discovered that many buyers were not made aware of the pros and cons of buying a leasehold property when they held discussions with developers.  There may not have been enough transparency and as a result, many leaseholders now regret purchasing a property. There are cases where leaseholders were unaware that their ground rents would double every 10 years.  This has resulted in many leasehold purchasers being unable to pay their mortgages. If you are one of the Leaseholders that feel unfairly treated, then please ask to speak to one of our experienced property Solicitors Victoria, who will happily explain what options you have.      
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