Home.co.uk
Home.co.uk

Mortgage Glossary: Chief Rent

Mortgage Glossary Mortgage Glossary

Chief Rent

This is a small sum of money in rent payable by the owner of a freehold property to the Lord of the Manor (yes, really!). In the past Chief Rent was payable indefinitely but may now be redeemed by a lump sum payment.

It"s similar to the ground rent payable by a leaseholder.

Mortgage Glossary Mortgage Glossary

Compare thousands of mortgages using our Mortgage Comparison service or get professional help from a qualified independent mortgage advisor and see how much you could save on your mortgage payments. There's no obligation, just plain good advice.

See also: Financial Services, Mortgages

UK Property

Homes For Sale
571,722
Average Property Price
£327,396
Homes For Rent
212,850
Estate Agents
20,701
Letting Agents
19,282
Choose Location: