Properties are classified as either freehold or leasehold. Freehold properties are owned outright by the owner for an indefinite period, free from control by any other entity. Leasehold
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Can You Do A Lease Extension Without A Solicitor?
Lease extensions are a common practice in the UK property market, particularly for leasehold properties with dwindling lease terms. Extending the lease can enhance the value of the
What Happens When Leasehold Expires?
Leaseholds are prevalent in the UK, particularly in flats. However, what occurs when they reach expiration can be complex and should be avoided whenever possible. Let’s delve into
Tax Implications of Extending Your Lease by 999 Years
Pooling resources to collectively purchase the freehold of their building is a familiar strategy among flat leaseholders. This move offers several compelling advantages, including: Improved Building Management:
Do Leasehold Properties Go Up In Value?
When considering property investments in the UK, one common question arises: do leasehold properties appreciate in value like their freehold counterparts? Understanding the dynamics of leasehold properties can
How Much Does Extending a Lease Cost in 2024?
A lease extension is a legally binding agreement between a freeholder and a leaseholder, enabling the leaseholder to prolong their stay in the property for an extended period.
How Do You Value A Short Lease?
So, you’ve found the flat you want to buy, but it has a “short” lease or, as some more creative selling agents now call it, a “mid-term” lease.
Can I Get A Mortgage On A Short Lease?
Whether you can get a mortgage with a short lease depends on the lender. Many lenders won’t approve a mortgage if there are 70 years or less remaining
Is It Worth Buying A Flat With A Short Lease?
Properties for sale with short-term lease arrangements are becoming increasingly rare, causing many buyers to overlook the implications until well into the purchasing process. This lack of awareness
What Are My Rights As A Leaseholder?
Understanding leasehold rights and responsibilities is crucial in business lease agreements. Leasehold grants the right to use a property for a specified period. As a leaseholder, obligations entail