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@CheeseWheel "Anyone had any experience with rentcharge when buying their (freehold) home?"
kind of. My ex bought a freehold house this year. Then suddenly started getting rentcharge demands. I can't remember fully what happened, it was a very small amount, not peppercorn small, but like a tenner per annum or something.
A quick google shows I looked at this link - http://www.cluttoncox.co.uk/site/blog/conveyancingblog/rentcharge_trap_cost_thousands_bristol.html
I seem to remember it being informative. And if I recall, it seems to be all above board, but they hit people with huge charges if they miss payments. And in the area my ex bought, it's very first-time buyery. ie - houses getting sold every couple of years as people move in and out and up the ladder. so it's good for getting charges on folk i guess.
Hairingtons-
Yeah, that link is good. It's just such a odd archaic piece of legislation. Good to hear from someone who's just lived with it to balance out the stories of people who end up paying thousands of pounds.
Basically the options are to pay it if you get a demand (cheap, but you have to remember to do it to avoid ending up with loads of charges), redeem the rentcharge (still cheap, but you got to know who is the rent owner), or get insurance in case you get scammed.
CheeseWheel
Anyone had any experience with rentcharge when buying their (freehold) home?