Is it worth to buy a leasehold flat ?

[adamZET 10]

...cannot afford to buy a house and paying a rent is such a wasting so I do think about flat (hillsborough ish) but I really not quite sure about the leashold propety? Does anyone own this type of propety? Are there any extra cost, fees ect. ???

 

Happy New Year everyone

[molly44 10]

you had better check the lease, because it might just be short term and of course their is usual maintenance costs involved. you better be aware of those before you take the plunge.

[Jeffrey Shaw 90]

...cannot afford to buy a house and paying a rent is such a wasting so I do think about flat (hillsborough ish) but I really not quite sure about the leashold propety? Does anyone own this type of propety? Are there any extra cost, fees ect.?

Almost every flat in England & Wales is leasehold. Besides the unexpired term (see post #2), also see:

a. how much ground rent is payable each year;

b. whether it's fixed for the term or it rises;

c. how much service charge is payable each year at present; and

d. who actually manages the block (i.e. original developer [who granted the leases], a successor investor, a mgt. co. owned by the collective lessees, etc.)