We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
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!
Chief Rent?
Options
Money_and_Travel
Posts: 127 Forumite
Seen a house for sale, and it says Freehold and Chief Rent.
What's Chief Rent?
What's Chief Rent?
0
Comments
-
Also known as a rent charge, it's a nominal fee to a "lord of the manor"Money_and_Travel said:Seen a house for sale, and it says Freehold and Chief Rent.
What's Chief Rent?
Looks like you only need to pay until 2037 as they were abolished in the 70's with remaining ones set to last for 60 years from that point
https://www.gov.uk/guidance/rentcharges0 -
-
So it's not really Freehold?0
-
it can only exist on freeholdMoney_and_Travel said:So it's not really Freehold?0 -
And in 12 years the nominal charge won't exist or be required to be paid.DullGreyGuy said:
it can only exist on freeholdMoney_and_Travel said:So it's not really Freehold?
OP did you read the gov.uk guidance I linked to in my first post?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