Property Misrepresentation Compensation Claims North West
Almost everyone is familiar with the idea that buying a new home is one of the most stressful things that we do in life. For most of us it will be the most expensive financial transaction we ever make.
The law requires a purchaser or buyer of a property to make all necessary checks and searches before buying. If something is missed, such as a Planning Application for a development to take place near by, then the rule of Caveat Emptor or Buyer Beware takes effect. This means that it’s the buyers responsibility to make sure everything is at it should be and that once the property is sold, the buyer cannot go back to the seller to reverse the sale or ask for some money back.
However, in reality this situation should not arise. It is the Buyers Solicitor’s job to ensure that all proper searches are carried out in relation to a property and for the Seller to give honest and full information about the property, before a decision is made to buy it. If you find yourself in a position where important information has come to light after you have bought a property, that you believe should have been communicated to you before you bought it, then there is a fair chance you could claim against your Solicitor or the Seller of the property.
Similarly, if you have employed a Surveyor to investigate the structure of the property and the Surveyor has failed to identify an important defect that you paid him to look at, then you should be able to claim against that Surveyor.
Property Misrepresentation or Negligence claims like this can sometimes be very valuable. In one case, the buyers of a property received £67,000, after the Seller failed to disclose important information to them about the property, which was sold for £124,000, representing 54% of the value of the property.
At The Claims Partnership, we can help investigate whether you have a claim for compensation in relation to the purchase of your home or building, as well as bringing a claim for you, should you decide to proceed.