Tag Archives: except

I want to acquire a flat that’s best except for one factor – it is leasehold

What’s wrong with buying a leasehold property? Photograph: David Sillitoe for the Guardian

Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.

This week’s question:

I’m looking to buy a city centre flat that appears to be perfect in every way – except for one thing – it’s leasehold. My parents have repeatedly warned me not to buy with a lease, but can’t offer any concrete evidence as to why. Are they right – what can possibly go wrong?

Do you have a problem readers could solve? Email your suggestions to money@theguardian.com or write to us at Money, The Guardian, Kings Place, 90 York Way, London N1 9GU