is it possible to convert leasehold into freehold !!

blinko

is it possible to convert leasehold into freehold !! example im worried my friend who seems bent on getting a brand new house is not thinking abuot the long term and she will get a leasehold for 99 years odd rather than pay an extra 100,000 odd and get a freehold or something.

so i was just wondering is there any legal stuff that she could do to convert a leasehold into a freehold or something ??!!!

thanks alot

oh_heck

yes it can be done

http://england.shelter.org.uk/advice/advice-2923.cfm

Ian_W

You might also want to read this site;

http://www.lease-advice.org/

Also search the threads or check back a few pages on these forums you'll find quite a lot of discussion about leasehold extensions & purchase.

Not quite sure why freehold would cost a £100k more but a lot of developers do seem to favour leasehold on new builds, so if she wants a new house she might not have a lot of choice.