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One upside of a company holding the freehold, is it's easier to transfer contracts (insurance/maintenance) if the owners change. Also our solicitor said its less of an administrative burden when a leaseholder decides to sell. I'm going through the process now and (rightly or wrongly) we went with a ltd company.
Thanks for the replies on leasehold ownership. We want to buy with our one neighbour but he’s insisting on holding it as a company and not just split. I can’t understand his position. No admin ever vs annual company accounts and fines if we don’t keep on top of things 🤷♂️