Chair_Toaster

Hello!

So I'm looking at reserving a flat 40 miles outside of London. It's a new build 1 bed top floor as part of a 3 floor block. Builder is Taylor Wimpey. I think 6 flats in all. I'll be commuting into London but pay under 100 train costs every month due to my job. Train takes between 30 minutes and an hour into London.

So I'm putting down 20k on a 185k flat. The builder is paying my stamp duty (1,200) and 1k of legal fees if I use their solicitor and broker (I am aware that I shouldn't be using theirs but it's something I still need to look into). I'll probably be looking at paying 600-650 pcm repayments on the mortgage. I wont be using the help to buy to avoid having to pay anything ba

Hello!

So I'm looking at buying a flat and was concerned about the ground rent increases. Apparently around 2011 ground rents routinely were setup to double every 10 years. The one I'm looking at starts at 200. So every 10 years it would've looked like this..

200 400 800 1600 3200 6400

So I was worried and contacted the sales office to question them about this policy. They told me it's now based on the RPI and goes up every 10 years. They didn't give me any other specifics at this stage.

My question is. Is this a good or bad deal? I've heard this is normal but I'm worried I'll end up with a property no one can mortgage. This apparently happened with lots of buyers of the double every 20