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  • 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 🤷‍♂️

  • 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.

  • Interesting, thanks. I’m not 100% against it, he’s just not given any reasons why, apart form being advised by his sister-solicitor. I just can’t be fucked doing company admin.

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