🏡👏🏽Are you diving into the property market? 🤔If it's a flat, chances are it's leasehold! But what does that really mean? 👀 Let's hear from Labour MP of Brent North for insights! (It's important to note that you can apply to the freeholder (landlord) for a lease extension up to 999 years, however, you will have to pay for this) ➡️ Ground rent is also charged separately by the freeholder (landlord) of the building, distinct from service charges. It is a charge that you pay to live on the landlord's land ⬅️ Quick stats: Did you know that there are over 4 million leasehold properties in the UK? 🤯It's a significant, incrementally increasing financial commitment, so please think twice before you invest If you're a leaseholder or close to purchasing and in need of guidance, hit us up via the 'Book Now' button 📧💻 #leasehold #politics #ukproperty #propertydevelopment #landlord #propertymanagement #realestate #property #propertyinvestment #propertytips #homeownership #propertypurchase #estateagent
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