Bloody hell, for once i did myself a favor by not buying out the leasehold.

Financial advisor said almost impossible to get mortgage on full freehold flat, especially as first time buyer. If it is a % of freehold possible.

Going to give it a miss.

quote:

---

Originally posted by pow
You sure that's not a typo?

---

Have you looked in to the legal documents?
It could be that this property holds the ground freehold, and as such you have the responsibility of the other flats, although you can then charge Service Charge and Repair costs (dependant upon legal docs)

Haven't looked into it further but it could well be a typo. No reason why it wouldn't be freehold.

These were purpose built flats I believe, so isn't a house/houses that have been converted.

Not sure if it's called the same in England but it's quite common to have a '4 in a block' here. Although I suppose it is kind of a flat, I've never heard it termed as that, more the upstairs or downstairs of a house.

You sure that's not a typo?

Isn't this essentially a quarter house?

Has anyone done this? Property come up in preferred town, in a very central location. Boasts 2 large double bedrooms, kitchen, living room diner, private rear garden and garage en bloc. But it is a flat.

Lily and I hadn't really considered flats because of the no garden. This seems to tick all the boxes except is a ground floor flat. If this was a bunch of terraced houses, I would have put an offer in by now.

Oddly, the property is freehold, not leasehold. A quick Google shows it can be difficult to get a mortgage based on it being freehold, as no-one really takes ownership of the make up of the building and therefore if something goes wrong, no-one is truly responsible.

Property in question: http://www.rightmove.co.uk/property-for-sale/property-41912359.html

I am unsure of the tenure of the other flats, so roof, guttering etc might be covered under other properties?!

Thoughts?!

:thumbs: