Leasehold - Affects me how?

rhysduck

rhysduck

rhysduck

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Joined
25 Oct 2009
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Caerphilly
Off to view a house later that is up for sale as "Leasehold"...
All the other houses we've seen so far are Freehold.

How does Leasehold effect me, the buyer?

Cheers.

Edit: let me be a bit more specific - we would look to buy the house as Freehold, but as it's advertised as Leasehold, how (and can) do we go about this? Ta
 
Last edited:
BombayMix said:
I can effect you big time if the lease is short. (I would say anything around 80 years is short) A short lease will decrease the properties value and services charge can be expensive.

Unless you talking about uber expensive in central London houses shouldn't be leasehold. You should pass on it. For a flat it unavoidable.
Click to expand...

Its not in central London - but on a newish estate here in South Wales.
Property value is ~£140k.

Thats what my next question was going to... why do you avoid it?
 
Lol no Macca, no sheep or coal is evolved here.

Well... It's been a good few weeks and everything is nearly coming to a close.. Would have the keys in 2 weeks hopefully!
 
A perfect example? Hardly, he's just been unlucky.
I would imagine there's 1000's of people who've had no bother whatsoever with theirleasehold properties (houses, not flats - flats are a different matter)

Plus there's no room in "my" garden to build a house :D
 
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