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I'm not sure it really would
It really would. I wouldn't buy a flat that wasn't at least share of.
For £3k it's a total no brainer. I disagree that there's no benefit to owning a share, with a share you have equal power, if the owns it he has absolute power.
Get back round the table and explain that the access thing is not about him because he's so nice and reasonable* but in case he sells and you get a nightmare neighbour.
*doesn't need to be true
Fox-
I disagree that there's no benefit to owning a share, with a share you have equal power, if the owns it he has absolute power.
Yeah. There is benefit to having a share, but it can make your life more difficult depending on the relationship you have with who you are sharing with and what you want to do. If you have a freeholder that's not crazy you might get a quieter life. Or not. It really depends. I'd say with SOF you get less risk but a more complicated life, with LH you get a quieter life but more risk. Both assume a lot. But with the entire FH you win hands down, no need to assume anything.
I absolutely would not buy a leasehold only flat in a building that's two flats unless I had potential access to the freehold and I would always go after the entire freehold, only getting share if that was the best I could do.
Howard
I'm not sure it really would as the lease is already 125 years. It probably would anecdotally. I can hear the estate agent now "share of a freehold" wink wink