A leaseholder trying to sell a flat in Lightwater in Surrey has asked James Tuttiett, the CEO of E & J Capital Partners to hurry up with changing doubling ground rents to ones linked with RPI.
So far Shelly Westbrooke has lost two buyers of her flat because of the lease terms at John Norman Grove.
Dear Mr Tuttiett ,
I am writing to advise you that since trying to sell my flat at the above address , I have found that it comes under the 10 year doubling scheme , and this has now halted the sale.
My buyers can not proceed as they are unable to obtain a mortgage on a doubling ground rent property .
This will be the second buyer I have lost at just before the point of exchange ( although I did not realise the reason why I lost my first buyer until now )
My flat first went in the market in February , so this has been a long ongoing situation .
When I spoke to Chloe Hayter in your legal team I was advised that I would hear about the deed of variation by the end of September . I have received a letter today ( nothing like leaving it until the last minute ) actually telling me nothing . Apparently you are in the middle of discussions which you hope will be completed early in the new year ! How much longer after that for this to be resolved ?
Surely you must realise that I am only one of thousands of people who are stuck in properties which they cannot sell , and therefore means there are properties that we are not purchasing ! Estate agents , for one will be affected , mortgage companies etc etc …the list is endless .
If this is not resolved immediately and my sale / purchase falls through , I will then be going down the route of compensation , as will thousands of other people . The ripple effect and repercussions of this will be immense .
I look forward to hearing from you to hear how you are going to resolve this .
Shelly Westbrooke .