Mortgage Survey findings

[ProDave]

so how come you pay ground rent then?isnt it the other way round?

That's if you buy a leasehold property, in that case you are not buying the ground, but buying the right to use it for a certain period of time.

If you buy freehold, you buy the ground and don't pay rent to anybody.

 

[m4tty]

+1 what prodave says. I live in a leasehold property. Never again nothing but problems. Freehold is the only way from now on.

 

[steptoe]

That's if you buy a leasehold property, in that case you are not buying the ground, but buying the right to use it for a certain period of time.If you buy freehold, you buy the ground and don't pay rent to anybody.

thanks for that,

that is the best, simplest,straightforward answer to that that anyone has ever gave me.