Homeowners Trapped in Spiralling Ground Rent Scandal Should Act Now

29 Mar 2018

Published in: Member News

Thursfields Rosemary CaseBlack Country homeowners caught up in the Taylor Wimpey ground rent scandal should act now to get the company to pay for their terms to be made more favourable.

That's the advice from Thursfields Solicitors, speaking in the wake of news that Taylor Wimpey had put £130 million aside to pay for its mistakes.


Rosemary Case, a property lease expert at Thursfields Solicitors, who is already handling a number of these cases, said: "Through no fault of their own, homeowners have a clause in their lease allowing ground rent to double every ten years in new build properties.

"This means, for example, that owners of a property with a 125 year lease and a starting ground rent of £100 a year could see this rise to £3,200 a year in just 50 years' time.

"This is a nightmare as banks and building societies are refusing to give mortgages to potential buyers, meaning that the original owners are effectively trapped in their own homes."

Miss Case said there were potentially thousands of homeowners affected by the scandal in the Black Country alone, and that they should take advantage of Taylor Wimpey's pledge to correct its errors.

She added: "Taylor Wimpey has now agreed to alter the terms to less expensive ground rent reviews, and it will bear the legal costs for those residents who bought directly from them and still own the properties."

Miss Case, who has been in the legal profession for more than 37 years and specialises in residential conveyancing, said: "Anyone concerned or confused should come and see us here at Thursfields, as we are fully qualified to deal with this issue efficiently."

Black Country homeowners caught up in the Taylor Wimpey ground rent scandal should act now to get the company to pay for their terms to be made more favourable.

That's the advice from Thursfields Solicitors, speaking in the wake of news that Taylor Wimpey had put £130 million aside to pay for its mistakes.

Rosemary Case, a property lease expert at Thursfields Solicitors, who is already handling a number of these cases, said: "Through no fault of their own, homeowners have a clause in their lease allowing ground rent to double every ten years in new build properties.

"This means, for example, that owners of a property with a 125 year lease and a starting ground rent of £100 a year could see this rise to £3,200 a year in just 50 years' time.

"This is a nightmare as banks and building societies are refusing to give mortgages to potential buyers, meaning that the original owners are effectively trapped in their own homes."

Miss Case said there were potentially thousands of homeowners affected by the scandal in the Black Country alone, and that they should take advantage of Taylor Wimpey's pledge to correct its errors.

She added: "Taylor Wimpey has now agreed to alter the terms to less expensive ground rent reviews, and it will bear the legal costs for those residents who bought directly from them and still own the properties."

Miss Case, who has been in the legal profession for more than 37 years and specialises in residential conveyancing, said: "Anyone concerned or confused should come and see us here at Thursfields, as we are fully qualified to deal with this issue efficiently."

Rosemary Case can be contact on 0121 227 3850 or via rcase@thursfields.co.uk.

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