Search the Community
Showing results for tags 'ground rent'.
I purchased a leasehold house last year. The purchase/sale was held up by Morgoed Estates because the previous owner had not paid the ground rent (£12 p.a.). I have just paid this years £12 fee, but included with the demand was an offer to buy out the ground rent for £600 (plus a £40 land registry fee). When I emailed Morgoed Estates and told them I thought £600 was a bit ridiculous (it represents 50 yrs worth of £12 payments, I'll be dead long before then!) they wouldn't budge. My understanding is that ground rents of this nature were abolished by the Rentcharges Act 1977 and all of them
Hi, I have an urgent problem that I would like some advice about because I really have no idea where to start. Please bear with me, there’s quite a bit of history but here goes... I have recently been summons for a court appearance for areas on my mortgage account. I do have arrears on my mortgage account (1 month) but have an agreement in place with my mortgage provider (GMAC RFC now Paratus AMC) to repay the arrears owing which we have kept up to date with (I pay £50 a month towards the areas + my normal mortgage repayment amount). This arrangement is all up-to-date. On que
I own a coach house style property which has two garages underneath - one is mine and the other is used by the house next door. As it is part of my property it is leased out to next door and they have to pay me ground rent of £25 a year and a portion of my buildings insurance - in case they set the garage on fire or anything that could damage my house. It is all laid out in the deeds of my house and next door. I bought the house when it was built in 2001 and the neighbours who initially lived there paid me their ground rent etc when they moved out in 2003 and said the new owners would be