We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!
Expensive ground rent - can it be challenged?
rodders71
Posts: 5 Forumite
My partner and I have just had an offer accepted on a leasehold flat. It's a ground floor conversion in a victorian terrace.
The estate agent has told us that the ground rent is £500 per annum, and that we will be responsible for buildings insurance as there is no service charge.
I was expecting ground rent of around £50-100.
Does anyone know if this can be challenged, or if there is a way of checking that the Landlord isn't inflating what he is entitled to demand in ground rent?
The remaining lease is 89 years.
Thanks.
The estate agent has told us that the ground rent is £500 per annum, and that we will be responsible for buildings insurance as there is no service charge.
I was expecting ground rent of around £50-100.
Does anyone know if this can be challenged, or if there is a way of checking that the Landlord isn't inflating what he is entitled to demand in ground rent?
The remaining lease is 89 years.
Thanks.
0
Comments
-
Apologies, I shouldn't have posted in this forum. Please reply to my post in the house-buying forum. Thanks.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards