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Cons to a leasehold business in Scotland
Vhonny
Posts: 1 Newbie
Evening All,
Hoping to gain a little advice from you.
Myself and my partner are looking into a leasehold business. The lease has been historically reviewed every 5 years with no issue and would be up again in 2019.
I am really struggling to get my head around leaseholding - what are the risks and benefits of it?
As the lease is so short what lending is available - I presume there wouldnt be a mortgage out there so is there a particular type of loan?
Is there scope to buy the leasehold and seperatley negotiate an extension of the lease with the freeholder?
What a minefield!!!
Hoping to gain a little advice from you.
Myself and my partner are looking into a leasehold business. The lease has been historically reviewed every 5 years with no issue and would be up again in 2019.
I am really struggling to get my head around leaseholding - what are the risks and benefits of it?
As the lease is so short what lending is available - I presume there wouldnt be a mortgage out there so is there a particular type of loan?
Is there scope to buy the leasehold and seperatley negotiate an extension of the lease with the freeholder?
What a minefield!!!
0
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