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hazyjo

I would want a freehold property. Many of the reasons are given here: https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/leasehold-v-freehold-whats-the-difference/


I would never buy leasehold again. I did for my first 2 flats as it's all I could afford. You often move on to freehold. I would consider a leasehold flat a step backwards - unless in later life I want to downsize, or have some sort of flat with assistance, or have someone else take care of all the maintenance. Many people stay in leasehold their whole life - nothing wrong with it, sometimes it's personal preference, or sometimes it's that they can't afford freehold.


With a flat, you are likely to have someone or below. That alone would be enough to put me off. Either side I can life with.

hazyjo

anon_private wrote: »

Still having difficulty

'Just to clarify - the house owner will probably have to pay for a management pack when they sell. If you buy it, you will own it. When you sell it, you will be paying.'

Why will the house owner need a management pack, and from whom. The house is freehold.

If I buy the pack I will own it - agreed.

When I sell it, presumably house and pack. I will be paying for what?

If you pay a service charge, the buyers/their solicitor will (probably) require a 'management pack' when you sell it. This would have proof of payments - that you're up to date with your service charges - and give details of what work they have done (maintenance, grounds, mowing, street lights, etc).

anon_private

hazyjo wrote: »

If you pay a service charge, the buyers/their solicitor will (probably) require a 'management pack' when you sell it. This would have proof of payments - that you're up to date with your service charges - and give details of what work they have done (maintenance, grounds, mowing, street lights, etc).

That is clear.

I would need to purchase a management pack to supply to the buyer's solicitor, otherwise the sale would fall through

hazyjo

anon_private wrote: »

That is clear.

I would need to purchase a management pack to supply to the buyer's solicitor, otherwise the sale would fall through

Yep, if they request one Prices vary greatly.

anon_private

hazyjo wrote: »

I would want a freehold property. Many of the reasons are given here: https://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/leasehold-v-freehold-whats-the-difference/


I would never buy leasehold again. I did for my first 2 flats as it's all I could afford. You often move on to freehold. I would consider a leasehold flat a step backwards - unless in later life I want to downsize, or have some sort of flat with assistance, or have someone else take care of all the maintenance. Many people stay in leasehold their whole life - nothing wrong with it, sometimes it's personal preference, or sometimes it's that they can't afford freehold.


With a flat, you are likely to have someone or below. That alone would be enough to put me off. Either side I can life with.

Out of interest what do you think of leasehold if it contained a share of the freehold?

luis1988

How come people are stating that townhouses are so difficult to sell, is it mainly down to access and having an extra set of stairs? We are looking at moving soon and townhouses always seem to appeal to us, although we keep coming across the four bedroom townhouses that really don’t work...