Owning your own home

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dst2

http://www.rightmove.co.uk/property-for-sale/property-34772862.html

Leasehold Interest
Puslinch is offered for sale with the remaining 13 years of a
21 year lease ending on the 24/5/2028, on a full repairing
and insuring basis, subject to a mutual break clause on the
24/6/24. (Current rent of £6,800 p.a.)

Can anyone explain what this all means? In simples please

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NotThamesWater in reply to @dst2

It means you're renting a big house for £3,000 per month.

And it's probably a wheeze to get around IHT.

Or it's for paying the IHT.

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dst2 in reply to @NotThamesWater

but you have to pay 500k upfront and do all the repairs and insurance?

Sold
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Dramatic_Hammer in reply to @NotThamesWater

Where does the £6,800 p.a. come into it?

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