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Freehold house, leasehold garage?

(3 Posts)
tryingtomovealready Thu 16-Mar-17 11:01:31

Just wondering if any of you would (or have) bought a freehold house with a leasehold garage? It's a house on a new build estate (approx 5 years old), ex-showhome and is detached. Garage is not attached to the property but is next door and has a coachhouse above it. You can't park directly outside the front of your house but have parking round the back under an archway - spaces in front of garage and another space as well. I think the owner of the coachhouse also holds the freehold to the garage.

House is up for £270k, was bought by current owners in 2014 for £240k and used as a holiday home, so is available with all fittings/fixtures if wanted.

Has anyone ever bought a freehold property with a leasehold garage? Should we just walk away? What kind of implications are there regarding mortgages, buildings insurance etc?

Thanks in advance! smile

wowfudge Thu 16-Mar-17 12:45:41

Without knowing what the lease terms are for the garage, very difficult to comment. You need to know who the freeholder is too, not just assume. You can ask at this stage for more details re: the garage. If it is part of a larger structure and the lease is sufficiently long, then look at whether there is ground rent payable. Is there an annual rent paid for the garage? If it's a separate structure with living accommodation above it, does it have a separate council tax bill?

Spickle Thu 16-Mar-17 13:31:36

The owner of the coachhouse probably has a "flying freehold" over the garage - basically, you agree to maintain the structural stability of the garage ceiling and they are responsible for the structural stability of their floor.

It may be that the garage is leasehold because you cannot wholly own the land which it stands on and entire walls of the building because it is shared with the coachhouse.

Subject to your solicitor looking into all the freeholders costs and legal restrictions/covenants, I don't see a problem with this. Many new estates have buildings which are built over the top of another property.

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