Things to know before you buy a flat
Estate agents are obliged to tell you anything material that may affect your buying decision. There are two main ways...
You would not usually be personally liable for ground rent arrears which accrued prior to you purchasing the property. However, your landlord may still be able to take action to forfeit the lease. Your conveyancer should therefore ensure that ground rent payments are up to date before you complete the purchase.
More information you might find useful:
- Service Charges and other issues: Ground rent
- Freehold vs leasehold conveyancing flowchart
- More Frequently Asked Questions on Purchase/Sale
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