S
Sibod2002
New Member
Hi guys I'm new to this forum so be gentle .
Basically I own a leasehold house which currently has 75 years left on. The house was originally freehold but was turned into leasehold just before I bought it in 2011 by the previous owners .
The lease created in 2011 stated it was for 99 years from 1992. I am currently paying £300 a year ground rent but from the start of the lease the ground rent doubles every 20 years .
I signed the papers so I know I am bound by the contract. I just wanted Any advice or ideas before I make a move to purchase the lease as I want to sell my house . They have quoted me £15300 to buy the freehold which has jumped from £9000 when they quoted be in January 2015. I am no expert so any advice would be appreciated .
Basically I own a leasehold house which currently has 75 years left on. The house was originally freehold but was turned into leasehold just before I bought it in 2011 by the previous owners .
The lease created in 2011 stated it was for 99 years from 1992. I am currently paying £300 a year ground rent but from the start of the lease the ground rent doubles every 20 years .
I signed the papers so I know I am bound by the contract. I just wanted Any advice or ideas before I make a move to purchase the lease as I want to sell my house . They have quoted me £15300 to buy the freehold which has jumped from £9000 when they quoted be in January 2015. I am no expert so any advice would be appreciated .