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What are the benefits of buying the freehold of a house that is currently leasehold?

April 26, 2017Benefits buying Currently Freehold House leasehold

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What are the benefits of buying the freehold of a house that is currently leasehold?

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This is something a leaseholder of a house would need to get her or his own advice about. Leaseholders of houses have the right to purchase the freehold of a leasehold house. If a leaseholder of a house buys the freehold, he or she would have to pay the purchase price and legal costs to do so. Once they had bought, they would save the annual ground rent that they pay to the Council.