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Recent Valuations in London
Comments
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Who owns the freehold?
Are there many other properties nearby still owned by the LA?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Apples are not pears. Why are we comparing them?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Haha amnblog that's what I was thinking too. Surely the OP understands that houses (freehold) are worth a lot more than flats (leasehold)?0
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Haha amnblog that's what I was thinking too. Surely the OP understands that houses (freehold) are worth a lot more than flats (leasehold)?
Sorry, I didn't realise there would be such a huge difference between a freehold and leasehold.
I often compare share of freehold flats to standard leasehold flats and the price differential doesn't seem to be too much. From what I can see of my area, generally a 10-15% difference in price.0 -
Sorry Lunge didn't mean to take a dig at you.
Not sure about where you live but where I live in London a freehold property is usually worth at least 20% - 30% than a leasehold flat in a similar area.
Share of freehold is not a freehold property though. Share of freehold flat is similar to a leasehold flat but more desirable.0 -
ime, houses are always hugely more desirable than flats, and prices reflect that.
It shouldn't be to difficult to look at sold prices and make a comparative analysis of flats and houses in your street/area if there is enough data. At least then you will know what the historic differential has been and how that compares to what you are facing. If there is a huge discrepancy then you may be on to something. I think you may well find that in percentage terms it has remained stable though.£1000 Emergency fund No90 £1000/1000
LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
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Thanks for all the responses, I am calling the surveyors today, will let you know how it goes.0
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