Is this an "onerous" lease (regarding ground rent)?

RHemmings

user1977 said:

RHemmings said:

user1977 said:

Sistergold said:

Hello OP, for me I think a doubling ground rent is to be avoided at all costs. So £125 jumps to £250, then to £500 then to £1000 then to £2000 then to £4000 then to £8000 then to £16000? I think it’s onerous.

It depends on the frequency, surely? Every 25 years is (roughly) not that far adrift from historical inflation. Others double as frequently as every 10 years which is certainly over the top.

But (if anything) preferable to have a review method which is actually linked to general inflation or property values, like the second part of the clause (but better to just to stick to that rather than allow the landlord to pick the highest value).

Particularly if it's possible that the ground rent will go over £250 outside London or £1000 in London within the forseeable lifetime of the mortgage. 

Note those limits are just about to be abolished by the Renters' Rights Bill.

Great to hear. Though, I stick in the mode of reasoning based on what we have now until the change is formalised.