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  • Looking at buying a place, I would rather be outside of London and own a house but jobs dictates. So we're looking at flats.

    I hate the idea of a leasehold as well as the potential of there being big issues with the building that require fixing and having to pay up. Strangely if I needed to spend thousands in a new roof on a house (freehold) it would somehow irk me less as it's 'mine'.

    Probably being naive as I don't know anything about leasehold but what are the general things to look out for? is a Victorian house converted into 2 flats an easier lease than a purpose built multistory?

    Is a 100 year lease satisfactory?

  • Is a 100 year lease satisfactory?

    If it's got 100 years left before the lease expires, yes. Worth extending sooner rather than later though.

  • But also waiting until the new leasehold reforms come into play in 2/3 years time before extending... (If it's currently got 100 years)

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