My instinct is you're being played. The scam isn't paying £2.50 or whatever miniscule annual payment. The scam is buying the freehold.
Quote from: petejh on December 21, 2023, 10:48:03 pmMy instinct is you're being played. The scam isn't paying £2.50 or whatever miniscule annual payment. The scam is buying the freehold.I was once offered the freehold on a house with peppercorn rent for a few hundred pounds. Using some of my long since forgotten business studies skills I worked out the present value of the freehold and concluded it was a scam and a massive rip off.
marriage value is the increase in the value of the property following enfranchisement or a lease extension. This reflects the added market value of a longer lease or the freehold. [quote/]https://www.lease-advice.org/advice-guide/leasehold-houses-valuation/
It has long been recognised that there has been abuse by leaseholders with their charges and legislative reform of leases in the pipeline for some time that will include the abolishment of at least some ground rents info - here