Risks Buying Leasehold Property Here

to look for in a lease agreement (e.g., doubling ground rent) Steps for extending a lease before it hits the 80-year mark The difference between Leasehold and Commonhold structures

Mark and Sarah thought they had found their dream home: a sun-drenched flat in a converted Victorian villa. The price was significantly lower than similar freehold houses in the area, which allowed them to keep a healthy savings buffer. They knew it was a leasehold, but the estate agent assured them that with 82 years left on the lease, they had plenty of time before needing to worry. risks buying leasehold property

To avoid a similar situation, you can research current regulations on the Leasehold Advisory Service or check for updates on leasehold reform via GOV.UK . to look for in a lease agreement (e