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!
Retaining freehold?
atadconfused
Posts: 1 Newbie
Hi,
I am thinking of selling my property. I own the freehold for the building and there is no leasehold for my flat. There is a leaseholder in the flat upstairs with 76 years left on his mortgage.
I am tied into a certain mortgage provider due to having a freehold flat.
I am planning on drawing up a lease for my flat to make it more attractive to lenders and buyers with a long lease.
Do I:
* Sell the flat leaseholder with the freehold
* Retain the freehold and sell the flat as leasehold
What would be the benefits of me retaining the freehold?
Thanks
I am thinking of selling my property. I own the freehold for the building and there is no leasehold for my flat. There is a leaseholder in the flat upstairs with 76 years left on his mortgage.
I am tied into a certain mortgage provider due to having a freehold flat.
I am planning on drawing up a lease for my flat to make it more attractive to lenders and buyers with a long lease.
Do I:
* Sell the flat leaseholder with the freehold
* Retain the freehold and sell the flat as leasehold
What would be the benefits of me retaining the freehold?
Thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards