Read our cookies policy.
michaelsft wrote: »
Hi all, I'm in need of a little guidance and I hope some can offer some words of wisdom. Long story short, at a late stage in my purchase of a new flat (M21 - Chorlton) my solicitor has advised me to pull out on the basis that there is an escalating ground rent clause which goes:
£100 - first 25 years (10 years remaining at this stage)
£200 - 2nd 25 years
£400 - 3rd 25 years
£800 - 4th 25 years
£1600 - 5th 25 years
All comments and advice are greatly appreciated.
Thanks for reading
kerri_gt wrote: »
Is this paper annum of per month? I've seen both referred to in the thread. Per Annum doesn't seem an issue, per month and there may be concerns.
Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support