Originally posted by michelle230
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In the OP's case, a ground rent that doubles ever 33 years will almost certainly not keep up with inflation (in the last 30 years costs have more than doubled, and in previous 30 year periods they have often tripled - or more). This is not "onerous terms".
The problem is that all rising ground rents have been falsely portrayed as being "onerous" when many terms that include rising ground rents are not.
Lenders should be looking at this sensibly (although unfortunately they do not - which is why potential first time buyers are denied mortgages, even if they can show that they have always paid rent that is significantly higher than the mortgage repayments would be, and have done so on time every month for several years).
The issue is NOT rising ground rents (even doubling ground rents), it is the fact that people, including lenders, have a false impression about these because of stories in the media.
Some rising ground rents may be onerous, but it should not be treated as if this is the case for all.
People who claim that all rising ground rents are a problem and the properties should be avoided are making the problem for people who have leases of this type far, far worse. You are not helping.
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