Buying a leasehold Property

Ianh1977

Good evening, currently in the process of buying a leasehold property and I've just got a copy of the lease through. The house is 10 years old and is coming up to its first rent review as per the pictures below. Wainhomes have sold the freehold to another company but i presume the terms of the lease stay the same? The rent increase is linked to the RPI and im just curious if im going down a dangerous road buying this house and the ground rent will increase that means selling the property in 10 years may be impossible.
Could anyone have a look through the below and give me an idea of what kind of costs (obviously estimated) we are looking at over the next few years?
Appreciate any advise given

princeofpounds

If the base rent was sent in ~2010, and it's about to indexed upwards soon, then it's going to rise about ~1/3rd from a quick eyeball:

https://www.statista.com/statistics/284783/uk-retail-price-index-quarter/

That will put your ground rent over £250 and that will be a problem if you are not in London. See below for an explanation as to why it's a problem.

https://www.mishcon.com/news/publications/real_insights_-_property_update_05_2017/assured_tenancy_traps__the_unexpected_ast_05_2017

Some lenders will also not like the 5 yearly escalations going forward. So keep your mortgage broker informed so they can discuss lenders' criteria with you.