Purchase FreeholdI bought my house two years ago and every year I have had a letter from the ground rent company asking me to pay a sum for the ground rent. I had never heard of this before and was really intrigued as to why they would waste letters and postage on asking for such a paltry amount. I know that my solicitor would have gone through this information with me when I bought the property but I have to admit that much of what he said passed me buy as I was so eager to get the mortgage and move in. the other day I was talking about this ground rent with a friend and she suggested that I should look into weather I could
Purchase Freehold for the property instead. I wanted to know what
Purchase Freehold meant and she told me that instead of the company sending me letters every year, if I were to
Purchase Freehold for my house then this would stop. She added that it could possibly also put me in a much better position were I ever to sell the property. Of course, I thought this was a really good idea and am going to write to the ground rent company tomorrow to find out what options are available to me.
