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Mr C from Stoke wanted to purchase a leasehold property within a larger development. To ensure the transaction was sound, he sought advice and representation from a firm of solicitors before the sale became legally binding and also for assistance in completing the purchase.
The lease included three parties: Mr C, the landlord, and a management company. However, the management company had ceased trading several months before Mr C completed the purchase. This information was publicly available but not disclosed or discovered by his legal team.
Because the management company was inactive, there were deficiencies in the lease, rendering Mr C unable to sell the property. He firmly believes that if the solicitors had made him aware of the issue, he would not have gone ahead with the purchase.
We are currently acting on Mr C’s behalf in a professional negligence claim against the solicitors. Compensation of over £100,000 is being pursued, and the case is ongoing.
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You do not need legal representation to make a financial services claim. You can complain yourself at no cost and under FCA rules, the financial services provider must provide a response. If you feel this is unsatisfactory, you can complain to the statutory redress bodies, the FOS and FSCS who can award you compensation. This is a free service.
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