Category: Ground Rent
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Ground Rent Was Not a Peppercorn: The £18,000 Conveyancing Lesson
A buyer believed the ground rent was a peppercorn. He later discovered a £300 annual rent, a sliding increase and serious mortgageability problems. The resulting £18,000 remedy offers important lessons for conveyancers.
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Lenders Start to Change Ground Rules on Ground Rent
Leasehold as a tenure received quite a lot of bad press in 2016 with the BBC and broadsheets such as the Telegraph pointing to the risk of people buying homes with escalating ground rents. This culminated in the Government saying that it would reform leasehold property after a campaign by charities and MPs to challenge…