He was interested in purchasing a leasehold property that was part of a larger development. He sought advice and representation from a firm of Solicitors before the sale became legally binding and also to assist him in completing the purchase. The Solicitors did not inform him of potential problems that may arise from the transaction.
The parties to the lease included Mr C, the landlord and a management company. However, the management company had in fact gone out of business and ceased trading completely several months before Mr C completed the purchase. These deficiencies with the lease have left Mr C unable to sell the property.
The information on the trading status of the management company was readily available before he completed the purchase. He feels his Solicitors should have established this and advised him accordingly. He would not have agreed to purchase the property if his Solicitors informed him of the deficiencies with the lease beforehand. We are acting on his behalf in a claim for damages for professional negligence. The case is ongoing and compensation of over £100,000 is being claimed.
Mis-selling or mis-management by a SIPP Operator?
Have you suffered financial losses on a SIPP operated by a SIPP operator? If so, then you may have grounds for bringing a No Win No Fee claim.
Some SIPP operators have entered into dealings with third party advisers who are not authorised and regulated by the Financial Conduct Authority to give pension or investment advice. This is despite their regulatory body publishing alerts and giving warnings against such actions.View More
Mis-sold or mis-managed investment or pension?
- You were sold an investment without having been properly advised of the risks
- Your personal circumstances or attitude to risk wasn’t properly considered
- You were sold a SIPP or poor returning annuity
- You were advised to invest all or most of your savings into a single investment