Leaseholders Urged To Claim Share Of £500m 'Unfair Ground Rent'

Solicitors and developers caught up in the leasehold ground rent scandal may be forced to pay out as much as half a billion pounds, it is claimed. In recent years some of Britain’s largest housebuilders sold leasehold homes, where owners were locked into contracts which obliged them to pay rapidly increasing ground rents to freeholders. Investors – including pension funds or other specialist firms – purchased the freehold on the houses, attracted by this guaranteed rising income. Read more on the Daily Telegraph website.

https://www.telegraph.co.uk/money/consumer-affairs/leaseholders-urged-claim-share-500m-unfair-ground-rent/