Please fill in the form to report an unsuitable comment. Please state which comment is of concern and why. It will be sent to our moderator for review.
Is there not a difference between BLM reporting that 'it had seen more than 400 potential claims' and the number of claims that are tenable? It would be far more interesting to know how many such claims have been admitted and settled and how many have been rejected. But could it be that this would have reduced a 'sensational' press release to the merely mundane?
I have no doubt the CMCs are farming these claims, particularly as the media recently has picked up on the issue - and is more than happy to point the finger at 'fat cat' professionals, property developers and institutional investors and to absolve the purchasers from blame. After all, something has got to be found as a replacement for PPI!
Equally I think it probable that these self same CMCs are intimating claims to the solicitors who acted for the purchaser on the basis of the claimant's assertion that 'nobody told me what I was getting into' and without knowing (or bothering to ascertain) whether or not the solicitor gave appropriate advice before exchange of contracts.
When such people find that have an unsaleable property, it's remarkable how quickly selective amnesia sets in! They forget how they were seduced into buying because the price was so attractive. They forget the advice they were given which indicated that it could become a millstone around their necks. They forget how blind they became in their quest for their 'dream property'. There are none so deaf as those who don't want to hear. And when there is a 'told you so' outcome, then they want someone to blame and to extract them out of their predicament into which they blithely marched. It was ever thus.
The Gazette offers you up-to-the-minute national and international news, opinion, features, in-depth articles plus a jobs and appointments section.
Please click the link below for a digital edition
The Law Society is the independent professional body for solicitors. We represent and support our members, promoting the highest professional standards and the rule of law.
Find out more about the benefits of membership
Find out more about the Law Society
The Professional Development Centre provides webinars and training to meet the learning and developmental needs of legal professionals.
We run PDC training seminars, conferences and networking events for our members.
Law Society Publishing titles, e-books and selected key works from other legal publishers.
It brings you quick, access to the library catalogue and value added legal information sources.
© 2019 The Law Society all rights reserved
Site powered by Webvision