We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Residential Management Group (RMG) - Ground Rent Increase
Options
RedCannon94
Posts: 77 Forumite
Hey all.
Currently have an offer agreed + offer from the lender. Currently going the two sets of solicitors are working through enquiries but the only one which worries us slightly is there's an increase in ground rent like every dozen or so years within the lease of the property.
Lender in question is Natwest so we should have no issue getting Indemnity Insurance if push came to shove.
Just wondered if anyone's dealt with RMG in recent times on a similar case? The leaseholder is actually Countryside Properties who seem somewhat flexible in terms of removing the silly ground rent increases.
Only 3 in the chain thankfully so this shouldn't cause too many issues but any recent experiences with them would appreciated.
Currently have an offer agreed + offer from the lender. Currently going the two sets of solicitors are working through enquiries but the only one which worries us slightly is there's an increase in ground rent like every dozen or so years within the lease of the property.
Lender in question is Natwest so we should have no issue getting Indemnity Insurance if push came to shove.
Just wondered if anyone's dealt with RMG in recent times on a similar case? The leaseholder is actually Countryside Properties who seem somewhat flexible in terms of removing the silly ground rent increases.
Only 3 in the chain thankfully so this shouldn't cause too many issues but any recent experiences with them would appreciated.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards