Leasehold purchase and ground rent fear?Make Text Bigger
My daughter is about to exchange on the purchase of a new flat within a converted house.
The ground rent is £300 per annum increasing every 10 years by the prevailing inflation rate at the time.
I am aware of the scandal surrounding leases with ground rents doubling every 10 years as high lighted by our friend Patrick Collins, I think, from The Guardian.
I am just wondering whether an increase by inflation is really any better or should we just walk away and find a property with a more conventional ground rent arrangement?
I am aware that increasing ground rents every 10 years are the way things are going.
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