ground rent

snowyday10

I have been living in my house for 26 years and pay £26 per year.
Am interested in buying my lease which was for 99 years so now has 76 years left. Does anyone know if there is a way to calculate this or do you have to just apply to the Compton Group and ask what they will charge.

Second question is we pay them for the privalige of living on their land, do they have any responsibility for the land eg subsidence etc, or is it just one way we pay them and that is it.
Thanks

Jenniefour

Write to owners of freehold to ask if they are willing to sell the freehold and, if so, what would they want for it. And take it from there. And you could always offer tham a bit less - and don't forget you will have legal fees to pay.

I had an house many years ago which was leasehold and I decided to pay the few thousand to buy the freehold, partly so that I could renovate/refurbish with some alterations - all of which would have needed permission from the freeholder to carry out - and for which I would have needed to pay fees. So, it was well worth it to buy the freehold and have done with it. And was later sold as a freehold property.

Not sure whether freeholders in this situation - a house - would have any liability if there was subsidence but, no doubt, someone on here will know about that.

tbs624

See here for info from Lease Advice