WHAT IS LEASEHOLD? EVERYTHING YOU SHOULD KNOW BEFORE YOU BUY – IDEAL HOME
Understanding what leasehold is and what it means for you as a homebuyer is crucial before you commit to buying a leasehold property.
Most flats in England and Wales are sold on a leasehold basis. It’s important to understand how this differs from buying a freehold property.
Whatever type of property you’re buying, it’s crucial to understand how the building itself and the land it stands on are owned. Different forms of ownership come with different rights and responsibilities.
Leasehold has been in the news for all the wrong reasons lately, with issues surrounding both leasehold houses and the maintenance of tower blocks since the Grenfell Tower fire. However, the government is working on legislation that aims to improve things for leaseholders.
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