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'Firms will have a decision to make - whether they accept they have not provided advice to the standard they should have done. If they accept that they have not, the issue is "what damage have we caused?".'

Would FS legal like to give some indication of what standard of advice (they believe) should of been provided, when and how?

I presume that the reference to the £250 ground rent refers to whether or not a long leasehold interest in a property at a premium with a ground rent of more than £250 (outside London) or more than £1,000 (inside London) now or in the future ("the Lease") would be an assured tenancy under s.1 of the Housing Act 1988?