Evening all..
Just wondered if anyone here has any experience of buying a house or flat that is leasehold?
I'm thinking of buying a flat and its leasehold, it has about 68 years on the lease. From what I've read it should have above 80 years otherwise could be hard to sell (difficult to get a mortgage)?
Just looking to see if anyone has bought or sold a leasehold and if everything went smoothly or if they had problems?
Cheers..[/QUOTE
try to agree a price for the lease renewal before purchase, I personally would touch it with a barge pole( I keep it my pipe vault before you ask) my first flat I bought had a 989 year lease when I bought it, as it 10yrs old,
im guessing the flat is a good price, probably why your interested, but the reason it's cheap is the short lease