topflat29 Posted January 29, 2023 Share Posted January 29, 2023 When you own a house under freehold title, you are the legal owner of the property. There is no risk of forfeiture for a freehold house. When you own a house under leasehold title, you are the long term rent tenant of house owned by the freeholder. Your question about "putting buyers off", should be answered by local estate agents operating around your district. Many house buyers will refuse to view leasehold houses, so you may not attract offers from buyers looking at freehold houses. Link to comment Share on other sites More sharing options...
Slinny Posted January 29, 2023 Share Posted January 29, 2023 1 hour ago, topflat29 said: When you own a house under freehold title, you are the legal owner of the property. There is no risk of forfeiture for a freehold house. When you own a house under leasehold title, you are the long term rent tenant of house owned by the freeholder. Your question about "putting buyers off", should be answered by local estate agents operating around your district. Many house buyers will refuse to view leasehold houses, so you may not attract offers from buyers looking at freehold houses. My first house was lease hold 99years , bought 1965 , They pulled it down for slum clearance, 1976 , but houses built around same time as ours just. offf Chippinghouse road are still standing today , Link to comment Share on other sites More sharing options...
topflat29 Posted January 29, 2023 Share Posted January 29, 2023 What is the current value of house, off Chippinghouse Road now ? Must be over £150K ? Was any compensation paid based on ground rent or house value , on the house lost to slum clearance ? Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted February 3, 2023 Share Posted February 3, 2023 On 29/01/2023 at 12:29, topflat29 said: When you own a house under freehold title, you are the legal owner of the property. There is no risk of forfeiture for a freehold house. When you own a house under leasehold title, you are the long term rent tenant of house owned by the freeholder. Your question about "putting buyers off", should be answered by local estate agents operating around your district. Many house buyers will refuse to view leasehold houses, so you may not attract offers from buyers looking at freehold houses. Yes- although in law the freeholder is only a tenant in fee simple, owning a freehold estate held from The Crown. Link to comment Share on other sites More sharing options...
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