Buying a share of freehold

lovehackney

Hello all,

I have just been offered to purchase the share of freehold for my flat. It is one of three flats in a converted house.

My mortgage is with Woolwich, and a condition of the mortgage was that it was a leasehold flat. My question is, if I purchase my share of freehold, is this invalidating the mortgage? I'm not adding the purchase cost to the mortgage, I'm buying it in cash separately.

The current freeholder seems to think this won't be a problem as the mortgage is still for a leasehold flat.

Thanks

TrickyDicky101

The lease and the freehold will continue to exist as separate titles so this won't cause you any problems with your mortgage.

lovehackney

Fab, thank you!