We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Leasehold and Freehold
rakeshunni
Posts: 40 Forumite
Friends,
What are the important concerns buying a new built home with 125 years lease? Does is it make any difference if i buy a new built home which is freehold other than paying the ground rent every year? What are the pros and cons of buying a leasehold property in UK?
Cheers!
What are the important concerns buying a new built home with 125 years lease? Does is it make any difference if i buy a new built home which is freehold other than paying the ground rent every year? What are the pros and cons of buying a leasehold property in UK?
Cheers!
0
Comments
-
Ultimately the property devalues as the lease runs out. AFAICS it allows the builder to sell on the freehold and get back a bit more. Personally for a house, I would want freehold.After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0 -
I don't know about owning a leasehold and its implications, but i have rented a leasehold property before so know what it's like to live in one. It was a converted townhouse, 4 floors into 4 flats. Ours was the only rented one and everybody else owned their lease. The communal entrance was horrendous - damp, dangerous rips on the carpeted stairs etc. Hadn't been touched in about 30 years apparently! One day the front door broke - the lock jammed so it wouldn't actually close. Each person rang the freeholding company and nothing was done. Repeated calls were made explaining the urgency: that the street entrance door would not close, and anybody could wander in (the flat doors were all internal door style, so not tough at all) and they literally didn't want to know. After nearly a week, someone arranged to have it fixed themselves. There were other similar events, and I don't think I would want to have a leashold myself - you pay rent and maintenance for nothing, it seems.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards