Ground rent doubling every 25 years? 150 - first 25 years 300 - 25 to 50 years 600 - 50 to 75 yrs 1200 - 75 to 100 yrs 2400 - 100 to 125 yrs ...
Nice little earner for the grandkids and great-grandkids!
It's roughly a 3% increase per year - not extortionate, but still rent seeking with no value being added.
[Edit] What ^^ said.
@NotThamesWater started
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Ground rent doubling every 25 years?
150 - first 25 years
300 - 25 to 50 years
600 - 50 to 75 yrs
1200 - 75 to 100 yrs
2400 - 100 to 125 yrs
...
Nice little earner for the grandkids and great-grandkids!