UK property law is underpinned by the phrase Caveat Emptor or Buyer Beware.
In practice it is practically impossible to get any redress if you rely on incorrect information provided by a Sellers Agent also known as an Estate Agent because their contract is with their client, the vendor.
If you think this doesn’t matter, spare a thought for the American billionaire who bought London Bridge, allegedly in the mistaken belief he was buying Tower Bridge in 1968.
Having allegedly paid $2.5m for the bridge itself, he then paid an estimated $7.5m to ship it to Arizona – had he bought a different property investment, it would be worth over $1100 million today.
Obviously, he didn’t rely on our advice in making his purchase.
If you don’t want to buy a home or apartment which turns out to be a turkey, call us now on +44 (0) 20 7923 7564.
