Questions to ask when purchasing a leasehold property

Prosper Marr-Johnson, Partner at Marr-Johnson and Stevens LLP provides some expert advice on buying a leasehold property.

Questions to ask when purchasing a leasehold property

• What's the remaining length on the lease?
• What is included in the service charge (ask for a summary showing how the charge is worked out and what it's spent on)?
• Is there a sinking fund and are any major works planned?
• Is the vendor up to date on all payments?
• What is the passing ground rent?
• What are the ground rent implications in the future?
• Check what restrictions there are in the lease about home improvements, pets living in the property etc to ensure you don't get any nasty surprises.

To read the full article, please go to:

www.winkworth.co.uk/articles/buying-a-leasehold-property-important-factors-to-consider