onerous ground rent
-
Onerous Ground Rent: Selling or Remortgaging a Flat
A ground-rent clause may cause no immediate difficulty when a flat is purchased, only to be questioned years later by a buyer, valuer or mortgage lender. Here is what owners should establish and why the original purchase records may matter
-
Lenders Start to Change Ground Rules on Ground Rent
Historical ground-rent article This article records changes to mortgage-lender requirements in 2017. It should not be relied upon as a statement of current lender policy. For an explanation of why a lease accepted previously may cause difficulties today, read Ground Rent Mortgage Requirements: The Lease Has Not Changed, but the Market Has. If a ground-rent…