deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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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?!
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Marc
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Registered: 11th Aug 02
Location: York
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Isn't this essentially a quarter house?
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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You sure that's not a typo?
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John
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Registered: 30th Jun 03
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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.
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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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.
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spencer88
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Registered: 6th Oct 08
Location: cornwall
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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)
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Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
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quote:
Originally posted by pow
You sure that's not a typo?
I got offered to buy out the leasehold on my flat. I decided I needed a car 
Maintenance costs are a complete cunt on flats, check these out before signing any documents!
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deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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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.
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Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
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Bloody hell, for once i did myself a favor by not buying out the leasehold.
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