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Howard
House buying question for you guys
I'm thinking of putting an offer in on a relativly new build house... it was built when leaseholding the land was allowed.
There's 5 years left on a 10 year cycle (where I think the lease can be sold to other developers or ground rent can be doubled)
Buying the leasehold is 6k apparently
I think paying that 6k seems the most sensible thing to do, does anyone have any experience in doing so, are there hidden costs? Should I just walk away?
I'm going to put an offer in today with a reduced price stating all that. Any help?
Thanks