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  • I'd hate to have the liability of a share of a blank cheque for something

    There's no way round this if you're buying leasehold. You'll be liable for a percentage of the maintenance of the building, whatever it needs, just like if you owned (a percentage of) the building.

    The added joy is that you're at the mercy of the freeholder to decide what work needs doing and when and who they get in to do it and for how much. The processes for objecting are fairly weak.

    (OTOH the processes for freeholders to claim unpaid bills off difficult leaseholders can be equally useless)

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