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leasehold sounds like a bunch of annoying pish tbh
Leasehold is just renting. But on a timescale that makes most believe they own something, and with a set of conditions that make you take on the job of the landowner.
It sucks.
But then land ownership in the UK (inc Scotland) sucks and creates a scarcity problem that isn't real.
Velocio-
Leasehold is just renting. But on a timescale that makes most believe they own something, and with a set of conditions that make you take on the job of the landowner.
I do have my problems with leasehold - I'm quite active in the leaseholdscandal and do some work with LKP - but there are some key differences. Yes, in law, a leaseholder is effectively a tenant. However, unlike a renter, you can sell your lease. That's a huge difference for those of us who see Leasehold as a stepping stone to owning outright.
Also the conditions make you financially responsible for what the landowner decides to do with the building, but doesn't make you responsible for the work itself - unless you're on the board of an RTMCo or a part Freeholder. And imo both of those are better positions to be in than being obliged to take whatever nonsense the freeholder decides to do with the property.
There are definitely downsides and it's great that the leasehold scandal has such traction, but it shouldn't be a flat no for property buyers, especially those of us without the budget to buy freehold.
ReekBlefs
leasehold sounds like a bunch of annoying pish tbh
in conclusion, scotland is better than england