abu13
Well-Known Member
Just wondering if it would be beneficial to purchase the freehold on a property outright or not, a family member has a property where the ground rent is £15 a year with 55 years remaining on the freehold.
The house is likely to be sold in the next 20 years and so the concern is how this may affect any future sale.
We can buy out the free fold for around £4k.
Is there any point, any advise would be appreciated.
The house is likely to be sold in the next 20 years and so the concern is how this may affect any future sale.
We can buy out the free fold for around £4k.
Is there any point, any advise would be appreciated.