Ground rent ‘scandal’ shakes Taylor Wimpey

Leasehold ground rent scandals are rising. If your solicitor didn’t advise you about ground rent increases, you may have a claim for damages.. The scandal surrounding leasehold ground rents. 03-03-2017.. Taylor Wimpey have been identified as a builder adopting this practice. For example.

UK housebuilder Taylor Wimpey took a 24 per cent hit to first-half profits after setting aside £130m to help homebuyers affected by a leasehold scandal. Pre-tax profits. homes with high or.

Scandal. Taylor Wimpey has pledged to fix the problem but would not say how many properties were affected at the site, where prices are as high as £1million. The firm has been criticised for.

Thousands of people have demanded answers from the bosses of builders such as Taylor Wimpey. have either failed to spot ground rent rises or failed to explain the financial implications to buyers.

The housebuilder Taylor Wimpey has taken a 24 per cent hit to first-half profits after setting aside 130m to help homebuyers affected by a leasehold scandal. Pre-tax profits for the year to July.

The total average selling price in Yorkshire for the period remained flat at £229,000, Taylor Wimpey said. However, profits at Taylor Wimpey fell after it set aside £130m to help customers hit by the.

Taylor Wimpey said yesterday that the money would be used to deal with the hundreds of complaints from customers who had bought leasehold properties between 2007 and 2011 that were subject to their.

Taylor Wimpey was also caught up in a scandal dubbed the “PPI of the housebuilding industry” in 2017 after it had to set aside £130 million to address the problem of homebuyers who bought under.

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Jo Darbyshire, who bought her home in Bolton from Taylor Wimpey, has a ground rent contract that doubles every 10 years. photograph: matthew Lloyd/The Guardian Hello and welcome to this week’s Money.

Related: New-build ground rent scandal could spark legal battles. An investigation by the Guardian last year in collaboration with campaign group leasehold knowledge partnership uncovered how buyers of Taylor Wimpey homes, predominantly in the north-west, found them to be almost unsaleable because of the doubling ground rents.

Taylor Wimpey said it has entered into negotiations with the owners of the freeholds who hold the power to double ground rent in order to alter the terms. the situation "nothing short of a national.

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