What is my current ground rent and when will it increase

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At the time you purchased your home from Countryside (‘completion’) you will have entered into a lease which will state the lease ‘Rent’ that you must pay annually to the freeholder. The lease will also contain a ‘Rent Review Provision’ as one of the terms. Your chosen legal advisor at the time of your completion will have reviewed the Rent and Rent Review Provision along with all other lease terms on your behalf.

The Rent Review Provision originally included in your lease said that the annual Rent you pay to the freeholder will increase after every ten years. For the first five ten yearly increases, your Rent would increase to the greater of either double the previous Rent, or 1/1000th of the ‘capital value’ of your property. For the sixth and all other reviews, the Rent will increase to 1/1000th of the capital value of your property. This original Rent Review Provision is what we refer to above as a Doubling Clause.

In 2018, all leaseholders at the Highmead development were offered a voluntary variation of the Rent Review Provision in their leases to change the way Rent was increased to a method linked to the Retail Prices Index (RPI). If you, or the owner of your home at the time, took up this offer, your lease may have been changed accordingly.  The rent would still increase by RPI every ten years during the term.