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!
Problems with a leasehold?
Comments
-
But surely if I buy the freehold they won't have anything to do with me anymore?0
-
In some parts of the country leasehold houses on long leases are common. Get your solicitor to explain if the purchase of the freehold will be the end of it or if there will be any legacy issues, e.g. unadopted roads that are maintained by the freeholder for the estate is common with some new housing estates. The chances are that it will be the end of it but you need to go into this with your eyes open and a full understanding of what you're buying. Just because you own the freehold, doesn't mean there won't be any restrictive covenants to cause you trouble.0
-
The key question is are there any service charges or maintenance obligations under a lease ? Your solicitor would be able to advise you on that.
If not and you can buy the freehold and be rid of them for good, then no problems, I would do so at the first opportunity.
If there are conditions which create the opportunity for further charges at any stage, leave it well alone.
Good luck.0 -
Hi I queried all the concerns with the solicitor today and they advised once I purchase the freehold that will be the end of the company. I do hope so as they sound awful!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards