Conveyancers must be alert to onerous ground rent clauses in leasehold properties, experts have said, amid calls for greater protection for practitioners and consumers.
Last month, Guardian Money revealed that conveyancers and solicitors are at risk of professional negligence claims by failing to properly inform clients about the clauses. In what has become a country-wide problem, the clauses, contained in housebuilders’ policies, typically impose ten-year doubling ground rent, leaving buyers with the choice of paying higher fees and...
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