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House buying
northerncookie_2
Posts: 1 Newbie
We have been told that the property we are buying, advertised as Freehold, is both Freehold and leasehold - the property is subject to an existing lease - however, the freehold title is the superior title.
Has anyone come across this before, I thought a property was either Freehold or Leasehold? Any advice would be welcome.
Has anyone come across this before, I thought a property was either Freehold or Leasehold? Any advice would be welcome.
0
Comments
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I have no idea what this means. I would proceed with caution.
The questions I would ask is:
What exactly is leased, who owns the freehold, how long left on the lease and what is the annual ground rent/service charge.0 -
My mum and dad had this whit there house. It was the land it sat on the lease holder was the council they kept badgering my dad to buy it for 4k but the rent was £16 a year! so he never bothered.0
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