Flat owners prepare to sue builders

Flat owners who believe they were “mis-sold” their properties are preparing to sue builders, including some of the UK’s biggest firms, and solicitors.

 

Disgruntled house buyers have set up Facebook group called the National Leasehold Campaign when they discovered that they faced huge increases in ground rent. 

 

They allege they were lied to by builders’ sales staff and badly advised by solicitors when they bought their newbuild homes.

 

Thousands of people have demanded answers from the bosses of builders, many of which are household names, about why they were allegedly told their homes were ‘virtually freehold’ when their leasehold homes had onerous ground rent terms written into the leases, which were later secretly sold to investors.