Lexsure Knowledge Hub

The latest paragraphs for you to consider including in your Report on Title.

Text for Report on Title

ROT: Ground Rents and Mortgage Lenders

Change date
19/07/2022
Word count
165
Deployment measure
9/10
Rationale

The LRA 2022 is likely to create a two tier system of leasehold. The net result is that Pre-2022 leaseholds with ground rents will become increasingly undesirable as security for lenders. Within days of the LRA coming into force lenders were making significant changing their P2s

As stated elsewhere in this report, your lease obliges you to pay ground rent. The Leasehold Reform Act 2022 abolishes ground rents for future residential leaseholds; it has no real …

To view the full text:

Subscribe Buy this text

Did a property problem come to light after you bought?

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.

Other texts related to Leasehold