Buying A Flat
Shakespeare once wrote “Summer’s Lease Hath All Too Short a Date”.
Admittedly, the Bard was writing about love rather than the more prosaic world of Conveyancing.
But, Leases have an important role in the home buying process, where property is transferred property from one to another for a specified time.
There are approximately 1.8m leasehold properties in England and Wales as well as Scotland and Northern Ireland.
So, how does buying a Lease differ from buying a freehold property, and what do you need to know before buying a flat?...