William Perry’s home’s ground rent is renewed every five years, which is proving problematic with lenders and would-be buyers
(Picture: Matt Writtle)William Perry, 33, is a project manager who lives with his partner and newborn son in Woolwich. He bought their flat as a new-build in 2017 and had planned to sell it last April.
“Like many in our block, we got right to the end of the process, when the buyer’s solicitors found that lenders weren’t comfortable with the ground rent being renewed every five years,” he says.
