Owning your own home

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Howard in reply to @pifko

I own the freehold of the whole building

So how did the word 'freehold' get in to their heads?

"Their solicitor has informed them that they will be responsible for the maintenance of the exterior of the property (which is normal when being the freeholder) and they have told me that they don't have time for those kinds of responsibilities”

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pifko in reply to @Howard

There's only 1 lease, on the upstairs flat, so by buying my flat they would also be become the freeholders of the building. Maybe I'll just setup a lease on my flat...

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Howard in reply to @pifko

Hmmm in fairness that's very different to buying a 'normal' flat. Is it the EA cocking up and failing to mention that the freehold for the building came with the flat?

I've heard that a 'freehold' flat is almost impossible to mortgage. Could be wrong.
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aggi in reply to @pifko

I think a lease for each flat is pretty much standard, even if you are also the freeholder.

In this case, set up a lease with extortionate service charges, sell them the leasehold, keep the freehold, $$$s

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