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Text for Report on Title

ROT: Ground Rent likely to increase to over £250

Change date
20/02/2025
Word count
259
Deployment measure
9/10
Rationale

Addresses situation where ground rent is currently below £250 but could exceed this, potentially classifying the lease as an Assured Shorthold Tenancy (AST), which may affect mortgages and resale. Lenders are cautious due to forfeiture risks. In this instance no indemnity insurance is currently available.

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WhenIBought is a Lexsure service for homeowners who discover an issue when selling or remortgaging and wonder what was known, investigated or explained at the time of purchase. It offers a conversation about what happened and, where the records allow, what lenders required at the time. It does not determine whether anyone was at fault.

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