Bookmark
Bad Credit Mortgages
Bankruptcy
CCJs
IVA
Rates
Compare
Credit Rating
Equity Release Mortgages
Home Income Plans
Roll-Up
Drawdown
Benefits
FAQ
Buy to Let Mortgages
Let to Buy
Right to Buy
Council Right to Buy
Repayment
Types of Mortgages
First-time Buyer
Second Mortgages
Remortgages
Commercial
Non Standard
Self Employed
Newsletter
By receiving all the latest information from the finance field you will be able to choose what is best for you. Feel free to subscribe to our newsletter !
Subscribe
Mortgage Glossary
Mortgage Glossary
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
G Ground Rent
What does Ground Rent mean?

In case of owning an asset/property/flat/land through leasehold, you have to pay a monthly ground rent to the freeholder. Or, it is also the rent you will pay towards the landowner, if he let you land with the purpose that you build your house on it.

A few decades ago, and up until 2002 when the Commonhold and Leasehold Reform Act came into force, there were many instances when the landowners/freeholders had unjust requirements from the lessees, by asking for too high prices in exchange for the rent. But the Reform Act comes and regulates this issue, so as to impose certain rules and restrictions.
Next word: Guarantor
Previous word: Geographical Restrictions
Back to G