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I believe Nationwide will not lend on a property with an escalating ground rent clause.

I'll be interested to see what the purchaser's solicitors told he mortgagee in the report on title. If my experience (admittedly of many years ago) is replicated, I think we'll find that almost all the purchasers were given full and proper advice but decided to ignore that advice and go ahead.

The incident that I remember most from my time conveyancing was the one where my clients wanted to purchase a house that searches revealed was going to be about 30 yards or so from a new landfill and the landfill was going to be filled with domestic waste. I told them this and pointed out the pitfalls. Were they deterred? Not a bit of it. They liked the look of the show house and that was all they were interested in.

They bought it.

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