The ground rent market has undergone a seismic shift in the past 5 years and many
freeholders will have gone (and will continue to go) through difficult experiences where
changes in legislation will have negatively affected the saleability of their freeholds.
One example of these changes is that many High Street lenders are now stipulating the ground rent
on a leasehold property must not exceed 0.1% of the property’s value – ie/ if the flat is worth £100,000,
the ground rent should not exceed £100 per annum.
Due to MYAUCTION unrivalled experience and knowledge within this specialist sector of the property
investment market, we are still able to facilitate the sale of freehold investments where the ground rents
exceed this 0.1% limit due to our extensive private investors who are not bound by conventional lending.
Director and co-founder, Todd Harrison-Moore is unquestionably the most experienced ground rent
advisor in the auction world having completed £100m of acquisitions across 10,000 units spanning
500 properties in several asset classes over the past 9 years so there are very few issues he has
come up against and not been able to find an agreeable solution for his client.
Because of this expertise, MYAUCTION are in a prime position to be able to advise freeholders
on the disposal of their assets in a specific timeframe and for the best price possible dealing with
elements such as serving Section 5a or 5b notices and liaising with the client’s solicitor to prepare
an auction legal pack that is acceptable to the buyers in the market for this asset class.
If you own a freehold – it could be a house split into 2 flats or a development of 200 units –
and have experienced issues in recent months or years, please get in touch to speak with
one of our experts and we’ll do all we can to help.