stonerblue
Well-Known Member
probably wrong now..
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Leasehold Vs Freehold
- Thread starter mancityvstoke
- Start date
mancityvstoke
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- Vintage terraced Kippax
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- The only football team to come from Manchester
I've investigated further and the freehold can be purchased for about 300 notes. Yes permission is required for any improvements etc.
The freehold is owned by a property company (freehold grazer)
They can charge extra for late payments etc.
I will buy the freehold. All the improvements have been done already and it's ready to move into.
Most properties on Alkrington are leasehold apparently and the freehold ones have been bought by the leaseholders.
a 999 year lease is as good as freehold. (Apart from the ground rent and permissions of course)
The freehold is owned by a property company (freehold grazer)
They can charge extra for late payments etc.
I will buy the freehold. All the improvements have been done already and it's ready to move into.
Most properties on Alkrington are leasehold apparently and the freehold ones have been bought by the leaseholders.
a 999 year lease is as good as freehold. (Apart from the ground rent and permissions of course)
Blue Maverick
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£300 lucky git ours is close to £5k and will probably rise in a few years as well, should be like Northern Ireland and it's only 10 x the annual rent.
mancityvstoke
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- Joined
- 15 Apr 2009
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- 22,062
- Location
- Vintage terraced Kippax
- Team supported
- The only football team to come from Manchester
Freehold is the preferred option.I've been looking at properties in Sheffield and many seem to be freehold instead of leasehold. I can't imagine it'd technically be a problem but some reassurance is welcome!
sir baconface
Well-Known Member
It's not usually a problem until the unexpired lease falls to about 75 years. Academic in your case. Loads of properties are leasehold.
M
M
manchester blue
Guest
I read somewhere this week that ground rent payments will end within 15/20 years. Might have been on the gevernment website.
kinkysleftfoot
Well-Known Member
I've been looking at properties in Sheffield and many seem to be freehold instead of leasehold. I can't imagine it'd technically be a problem but some reassurance is welcome!
Where in Sheffield? To live or rent out?
Blue Maverick
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Any chance of a link?I read somewhere this week that ground rent payments will end within 15/20 years. Might have been on the gevernment website.
M
M
manchester blue
Guest
Any chance of a link?
I'll have a look work tomorrow as I read it there. A quick Google search didn't show anything so it's possible I misread it. I'll check my history in the office.