....we are buying a flat in London. Have seen a few places this week and would quite like to make an offer on a very nice place - however it is leasehold not freehold. Has a 166 year lease. We know what the ground rent/service charge is and it's reasonable.
We would only be planning to stay in the property for about 5 years at the most.
Is it a massive mistake to buy leasehold? I know I would have to check the terms of the lease etc - we have cats for example so it would be no good if it stipulates no pets.
any advice helpful!
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someone explain freehold vs leasehold to me....
15 replies
frazzledlondoner · 19/11/2015 08:59
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