S
spockety
Guest
Hoping someone can answer this question for me.
On a leasehold property, if you want to acquire the freehold and buy out the ground rent, the law states (from landregistry.ie)
"The Purchase Price can't exceed an amount which, if invested in the most recent long-term Government Stock matching the criterion specified in the subsection, "would produce annually in gross interest an amount equal to the amount of the rent" under the lease or tenancy. This amount is calculated by dividing the price of the Government stock, as quoted on the stock-exchange at closing on the previous evening, by the interest rate on the stock and multiplying the rent by the resulting figure, colloquially referred to as the 'multiplier'."
Can anyone shed any light on where you can find out the price of such Government stock today, and the interest rate on that stock?
Cheers.
On a leasehold property, if you want to acquire the freehold and buy out the ground rent, the law states (from landregistry.ie)
"The Purchase Price can't exceed an amount which, if invested in the most recent long-term Government Stock matching the criterion specified in the subsection, "would produce annually in gross interest an amount equal to the amount of the rent" under the lease or tenancy. This amount is calculated by dividing the price of the Government stock, as quoted on the stock-exchange at closing on the previous evening, by the interest rate on the stock and multiplying the rent by the resulting figure, colloquially referred to as the 'multiplier'."
Can anyone shed any light on where you can find out the price of such Government stock today, and the interest rate on that stock?
Cheers.