• Buying Leasehold Property

    By Guest on 01st Feb 2025

    I’m speaking to the seller of a 4 bed detached property with a leasehold tenure. The freehold owner is agreeing to sell the freehold for a fix price. He is not interested in buying as he said that will incur unnecessary costs to him now. The freehold owner is willing to transfer ownership to me during the sales. Does anyone know how this works. I know little to nothing about this but hear that purchasing a lease property can be complex. How do I navigate this?
    I have suggested having 2 contracts one for the sale of the house and another for buying off the lease. The property owner is happy for that to happen.

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