pearl
Well-known member
The problem with leasehold is that ground rent can be raised. In my case, it was going up from £9 or £10 a year to over £100 a year. I think buying the freehold was something like a grand, or just over, so when I got the opportunity to buy, I bought it. Yes, the house was sold, so I 'lost' money in that respect, but the selling price was higher, because it came with freehold.
It's much more common in the north, than in Sussex.
This is probably a stupid question, but when you bought the house were you aware it wasn't freehold?