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Can I buy a leasehold property? The risks of buying a leasehold property : How lease length, maintenance bills and ground rents can sting buyers - and watch out if you want to extend. By Sarah Davidson For Thisismoney.
Why buy a property outright to then raise cash against while property prices are plummeting? Unless you are able to purchase it at well below market price and then attempt to cash in, I can not understand why you would want to tie up your. You are probably in an area where the land was part of a housing estate that was originally owned by a company who built for their workers to buy but retained control over the future land usage.
I think its a bit unfair of the estate agent and vendor.
Perhaps you could write a letter of complaint to the estate agent. But you don’t, says Merryn Somerset Webb. For the uninitiate leasehold ownership of a property basically means a long tenancy and the right to own, occupy and use it for a long period.