Buying the ground rent that affects your property is one of the best investments that you will make. It takes your leasehold interest and converts it into a freehold one. You will own the "fee simple in possession", the best form of title available in English law. You will have the satisfaction that your home is fully your own. There will be no more rent to pay. While it is impossible to quantify the actual value this will add to your home, there is no question that it will make it a more attractive proposition for any purchaser.
The Morgoed Estates offer
We offer for sale all our ground rents at a fixed cost price plus Land Registry fees (usually around £40). For this price we will take care of all legal work to enable you to register your purchase.
We are also able to offer an easy payment plan that allows the purchase price to be spread for up to a year without charge. Please contact us for details.
How the process works
Once you have agreed and paid the purchase price, we will send back a confirmation letter and a preliminary form to complete. Full details of how to complete the form are provided. In particular, please note that we will require the full names of all owners of the property. This will then be processed and the relevant documents to transfer ownership to you will be drawn up and sent to you for signing.
You should check the forms for accuracy, sign in the two places indicated, attach a cheque for the required registration fee and then post off the completed package to the Land Registry in the stamped addressed envelope provided.
On completion of this process your new freehold interest will be registered at the Land Registry who will confirm this by sending you an official copy of the register.