I bought a new build house 6 years ago, the housebuilder sold the ground rent on to another extortionate outfit. I believe i have to pay them to allow me to build an extension. If i just build it anyway what do you think the ramifications could be ?
How much is your ground rent? Can you buy the lease?Move to a bigger house is cost prohibitive these days, i begrudge paying circa £2k for them to say yes you can extend your own house !
How much is your ground rent? Can you buy the lease?
I'd run away from that, owning a house on property you don't own with no cap on rent will always end in tearsextortionate, £300 this year and rising to about £1200. It was a bloody £150k house !!
cant run away i've been in it for 6 years.I'd run away from that, owning a house on property you don't own with no cap on rent will always end in tears
You could still sell surely? How's the rental market at the moment, maybe you could lease it outcant run away i've been in it for 6 years.