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Paying off ground rent in full
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We lived in St George (or Speedwell, depending what you wanted to call it) right between the two of you! So it's sounding like a very East Bristol thing.savingforoz wrote: »I checked my title deeds last night, which confirm that I own the freehold but that a £3 per year ground rent charge, payable in perpetuity, was created when the house was built in 1903. I have yet to call the ground rent agents (will do so today) but it looks increasingly like there is no point in paying the £260 as it confers no benefits whatsoever on me.
Dan29 - I live just down the road from Kingswood, in Redfield. Had no idea that Bristol was a bit quirky with regards to this ground rent thingy!0 -
At least in Bristol it tends to be an individual payment, rather than some poor person having to act as rent collector for the whole street. What a fun job that must (not) be!sciencegeek wrote: »I would just like to add to this thread,
i live in the north west (manchester) and our terraced house was bought FREEHOLD. However we do have to pay some small fee each year (about six pounds i think) which i believe is termed 'ground rent'.
Interestingly all the houses in our row have to pay this fee and when we bought the house it was in the details that the owner of our property was responsible for the collection of all the ground rents from the other houses on the street. We than have to give it all to a company with a name like 'Bloggs, Bloggs and Bloggs' which makes me think it is a solicitors or similar.
So its not just a bristol thing.
cheers0 -
See this article about Chief Rent aka rentcharge (which is apparently easy to confuse with ground rent). The situation here looks like a Chief Rent to me, and is mostly peculiar to houses in Bristol and the North-West of England.0
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Please do try and look at the dates when posting - this thread is FOUR YEARS OLD! (sigh)Thank you all who post.0
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