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Barbra Jolly 2026-03-08 16:55:12 -04:00
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Leaseholders must pay floor rent (normally small) and repair costs (usually a fair whack) to the freeholder. This means you will have to accept making a little less than that, especially considering the way in which property values in some markets have nose-dived.
I might not have purchased this property realizing in five years I would have to pay £10-12,000 to extend. Freeholders and property administration firms are prone to choose costly providers.
Armed with all this recommendation, together with the Phrases and Circumstances of any mortgage, resolve on the utmost worth you'll pay for the property.
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