We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Freehold Rent Charge
omar187
Posts: 5 Forumite
Hi guys
im intrested in buying a house in manchester just had a look at the land registery website its showing a yearly rentcharge of £20 dated 1903.
how do i know if the rent is paid up to date? and is there a way of redeeming it?
thanks
im intrested in buying a house in manchester just had a look at the land registery website its showing a yearly rentcharge of £20 dated 1903.
how do i know if the rent is paid up to date? and is there a way of redeeming it?
thanks
0
Comments
-
When I bought a house with no record of a leaseholder to pay the rent to my solicitor just asked the vendor to buy an insurance policy to cover it if a leaseholder ever turned up.
When I sold I paid for the policy for my buyer. I think it was around £70Life is not the way it’s supposed to be. It’s the way it is. The way you cope with it is what makes the difference.0 -
I'm not really sure what you are asking. Is the house empty? If someone lives in it they should be paying the ground rent, you wouldn't be expected to pay backdated ground rent. Also, if you are looking to buy it you should look into the possibility of buying the freehold- it isn't as expensive as you may think although it can be tricky.
okay angelsmomma just makes me realise leaseholds are way more complicated than I thought.0 -
the house is empty and its a freehold with a rent charge of £200
-
That is a bit confusing as if it is freehold there should not be a rent charge. Freehold means you own the ground the house is built on so who would you pay?Life is not the way it’s supposed to be. It’s the way it is. The way you cope with it is what makes the difference.0
-
thats what i would like to know im confused myself!0
-
http://en.wikipedia.org/wiki/Rent_charge
Rent charges are not the same as ground rent. They are payable on some freehold properties, particularly in the north-west of England, and (I think) around Bristol.0 -
Yes you would. You buy the property you take on the debts.I'm not really sure what you are asking. Is the house empty? If someone lives in it they should be paying the ground rent, you wouldn't be expected to pay backdated ground rent. Also, if you are looking to buy it you should look into the possibility of buying the freehold- it isn't as expensive as you may think although it can be tricky.
okay angelsmomma just makes me realise leaseholds are way more complicated than I thought.
Presumably this is leasehold? You (or your solicitor) ask the freeholder to confirm the accounts are up to date.0 -
thanks for the link casper0
-
Yep, we had this situation with my parents house in North Manchester - £5 a year or something0
-
You can apply for the redemption of a rentcharge to the National Rentcharges Unit, which is part of the Department for Communities and Local Government. You could ring them on 0303 44445580
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.6K Work, Benefits & Business
- 600K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards