10:00 AM, 9th April 2017, About 6 years ago 6
I’m in the process of purchasing a maisonette with ground rent doubling every 25yrs and will be £4,000 in 100yrs. I appreciate £4,000 will probably be £400 of today then but won’t this affect the cost of extension in 40yrs when it’ll be down to 80yrs?
The current term is 122.
I’m worried about the effect on extending or selling on. Ground rent will be £500 from 2039.
It’ll be grateful to read your opinions.