Ground Rent: Problems Selling or Remortgaging?
Is your ground rent holding up a sale or remortgage? Perhaps your buyer’s lender objects to a doubling clause, frequent reviews or the amount payable. A deed of variation may now be requested, even though you obtained a mortgage when you bought.
Were the review terms and their possible effect on a future sale explained before you committed?
Visit When I Bought to explore the issue and arrange an initial conversation about what happened. You do not need to know whether anyone was at fault before getting in touch.
You could afford the ground rent. Were you told it could affect your sale?
Your buyer’s lender objects to the lease. A doubling clause or rent review is causing concern. Or the freeholder has been asked to agree a deed of variation before the transaction can proceed.
What were you told about those terms when you bought?
When I Bought helps you explore the original purchase and the records that may matter. You do not need to decide whether anyone was at fault before getting in touch.
Ground rent holding things up? Tell us what happened →
An initial conversation. No report to buy. No claim to start.
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Why Selling Your Flat May Require Two Management Packs
Two management packs may be needed when selling a flat if different organisations deal with the service charges and ground rent. The managing agent may hold the building accounts, insurance and major works information, while the freeholder or its separate agent holds the ground rent account and requirements for registering a change of ownership. Paying…
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Trapped by a leasehold property: what might you have wanted to know before buying?
A leasehold problem may not become obvious when you buy. You may pay the service charge, keep up with the ground rent and live in the property for years without difficulty. The problem can surface later, when you try to sell or remortgage and a buyer, conveyancer, valuer or lender looks closely at the lease.…