Thinking of buying a flat?
When you buy a leasehold property, you will only own the property and not the land the property is built on.
There are 2 pieces of information that may affect your mortgage options, so make sure to ask for it BEFORE you go and look at the property.
1) How long is remaining on the lease;
2) How much is the service charge / ground rent / management charge that you need to pay to the freeholder.
If you are unsure what impact this might have on you, get in touch.
Willow Tree Financial Services 01323 436680