We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Buying a share of freehold

Options
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

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.