My partner and I are first time buyers, have put an offer on a ground floor Tyneside flat in Jesmond, Newcastle. We currently live in Edinburgh and don't know Newcastle that well (moving for work).
When we looked around, the EA told us that the flat had a normal Tyneside lease (where we would hold the freehold to upstairs, and upstairs would own our freehold). Now (a month into conveyancing, having already forked out for a survey), we've found out that this isn't the case - the leasehold is owned by a housing association called Home Group.
I'm pretty disappointed about this, and feel like I've been deliberately misinformed. I would appreciate some advice about what to do. My main worry is that this sort of leasehold would make resale much harder for a Tyneside flat - can anyone with experience of these properties give their opinions?