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Friday, 18 March 2016

2 major benefits of buying a leasehold

It can be very difficult getting on the property ladder and because of the expense involved many people choose to rent instead.

Becoming a leaseholder could be a better solution. In a previous article we explained the difference between buying a freehold & a leasehold; freehold is where you own the property and the land outright and leasehold is where you lease the property from the freeholder for a particular period of time.

However, if you are considering buying a leasehold property you should make sure that you choose a property with a long lease otherwise you can expect the value of your lease to quickly decline.