Owning your own home

Um, so, I've had an offer accepted on this place. Suddenly thinking to myself: "What's the catch?".

The agent said that it's being sold as leasehold, then the freehold will be handed over to the three flats after that - they'll have to pay legal costs but there's no charge for the freehold.

So that's a concern.

Also the smell of damp.

Advice, anyone? Bit nervous.

Er, yes: do not take the agent's word for it; get your brief to make the sale of the freehold (or part thereof) to you a condition of the purchase. Places left uninhabited often smell a bit musty so don't worry about that too much. If you're really worried, get a survey or pay a damp specialist to check it out before you exchange.