One and two bedroom flats

anon_private

JoJo1978 wrote: »

If you place an offer and instruct a solicitor they will look into these potential issues for you.

There will be documentation on how much ground tent has been for the last few years, and the lease will confirm whether the agents facts on the level and frequency of increase are correct.

The warning about difficulty selling is probably related to the current lease length, do you know what it is? They can be costly to extend if a property is not mortgageable without doing so. Unless the seller extends the lease before putting it on the market, buyers will either drop their offer price to cover the cost of the extension. Or not be viable buyers at all because they can't find a provider who will lend.

Both should influence your decision to buy

I believe that the length of the lease is around 900+ years.

Evidently, the lease does say that the ground rent will double every ten years.

Evidently, it is some building societies that will not lend regarding a property whose ground rent doubles every ten years.