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Freehold Rent charges
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csgohan4
Posts: 10,600 Forumite
Article: https://www.bbc.co.uk/news/business-50519066
I have a freehold house but pay a peppercorn fixed rent charge of £40 a year, written into the freehold and service charges to maintain the communal spaces which is around 180 a year.
I wonder if the lenders have tightened up their criteria, but obviously we do not know how much service/rent charges the article in question.
The question is, is this a ticking time bomb? Will someone in a similar position get a mortgage/remortgage?
I have a freehold house but pay a peppercorn fixed rent charge of £40 a year, written into the freehold and service charges to maintain the communal spaces which is around 180 a year.
I wonder if the lenders have tightened up their criteria, but obviously we do not know how much service/rent charges the article in question.
The question is, is this a ticking time bomb? Will someone in a similar position get a mortgage/remortgage?
"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP
G_M/ Bowlhead99 RIP
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