Purchasing a buildings freehold questions?Make Text Bigger
I am looking at getting a mortgage on a freehold flat, however I would become the buildings manager and own the land. The upstairs flat would apparently pay me ground rent and pay towards the home insurance.
The upstairs flat is leasehold and has 78 years left. Would you be able to explain what that would mean for me? Would I be in anyway liable for extending their lease etc?
Thanks for any info!
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