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Freehold Flat

Hi all,

I am currently in the process of buying a freehold flat and have secured my mortgage offer. The property concerned is a house converted into 2 flats with a lease - which I am taking over - granted for the ground floor flat; the top floor flat - which I am moving into - is freehold.

I have read all the posts where people mention the difficulty in selling on a freehold flat and wondered what people thought was the best stance to take when I sell it on?

a) Can I draft a new lease for the top floor flat to make it easier to sell?

b) Roughly, How much will it cost to draft?

c) Are there other ways to deal with this issue?

Thank you for your time.

Best regards,

Marx

Comments

  • noddynoo
    noddynoo Posts: 346 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I have done that and it is not essentially a freehold flat but a house with a proportion sold off as a lease.This can be verified by any solicitor and all mortgage lenders cover it HTH
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