A
Anon Private
Member
Hello,
I am thinking of buying a leasehold flat for my permanent residence.
The estate agent told me that some building societies will not grant mortgages when ground rent doubles every ten years ( as stated in the lease).
The agent also told me that many properties had sold where this was not an issue.
Hence, it MIGHT be problematic when selling.
Do you think that I need to consider this when purchasing the flat.
Thanks
UK resident
I am thinking of buying a leasehold flat for my permanent residence.
The estate agent told me that some building societies will not grant mortgages when ground rent doubles every ten years ( as stated in the lease).
The agent also told me that many properties had sold where this was not an issue.
Hence, it MIGHT be problematic when selling.
Do you think that I need to consider this when purchasing the flat.
Thanks
UK resident