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Share of Freehold question

firsttimebuyer2011 · 2011-06-11 20:10:13

First timer here, so pls be kind. A question for all you legal eagles. Have viewed a first floor maisonette that I like, however... This maisonette is share of freehold. Oddly (?), the ground floor flat is leasehold. So I'm presuming the other share of freeholder lives off-site, goodness knows where, and might be in…

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Leasehold_Solutions Posts: 13 Forumite

15 June 2011 at 1:28PM

As Richard says, you should not have a problem getting a mortgage.

If you don't have a clear idea who are the others with share of freehold and what is the arrangement with regards to management then you may be buying a lot of trouble.

If you have fallen in love with the place then take the time to do the research on those with whom you will be 'joined at the hip' if you are fellow shareholders in the freehold. If you have any doubts, find somewhere with a simpler ownership structure - ie a freehold house!

Leasehold Solutions is a member the Assoc of Leasehold Enfranchisement Practitioners. We manage projects for flats that want to buy their shares of freehold or save money and hassle by grouping together to extend their leases.
Looking for an enfranchisment solicitor or surveyor? Try searching under your postcode at the ALEP web site.
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Share of Freehold question

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