hi guys/gals.
Need some advice really...
I have a property I bought in 2006 - Ground rent was paid by the builder, barratts for the first year.
Since then It was my duty to pay the ground rent, this never happened due to it being taken over by simarc,
and them demanding that I pay the first years ground rent
- this dispute went on for many many years
- up until August 2011 when they admitted that the payment was made by barratts
(supposedly now it wasn't paid but they decided that they would let it go as they wouldn't get the money from barretts).
I have today offered to pay the outstanding balance of ground rent over a 12 month period as this is what I can afford,
the issue is that the ground rent owed (2007, 2008, 2009, 2010, 2011 and 2010) comes to £1080 in total. (yeah an extortionate amount but thats another issue).
What they have done is added on Interest in the region of £164.74,
plus arrears file prep at £110,
arrears letter £15,
obtaining office copy entries in relation to arrears £25
plus vat on top £30
so a grand total of 1432.87 (which I can't afford at the moment)
They are wanting to add this to my mortgage, but not something I really want to do,
I have offered to pay £1100 over a 12 month period but they will not budge and keep saying contact your mortgage lender.
Not sure where I stand legally, I've contacted the Leasehold Valuations Tribunal, not sure they can help but I do hope they can.
Any guidance at all would be great.