House is divided into two flats, the lower one is owned leasehold, the upper is owned by the original owner who has the freehold on the building. If we buy the upper flat, what's the best possible outcome lease wise?
I don't think we could own a share of the freehold without the downstairs neighbour buying in, so I supposed it'd be a long lease with good terms...
Apparently they'll create a 125 year lease (not including the loft space) with the sale and then offer to sell the freehold to us and them downstairs, at an additional premium, with a surveyor assessing the value of the loft space.
House is divided into two flats, the lower one is owned leasehold, the upper is owned by the original owner who has the freehold on the building. If we buy the upper flat, what's the best possible outcome lease wise?
I don't think we could own a share of the freehold without the downstairs neighbour buying in, so I supposed it'd be a long lease with good terms...