Many apartments and some houses are sold on a leasehold basis. For many buyers, leasehold ownership can be an affordable and practical route onto the property ladder, particularly in modern developments and popular city-centre locations.
If you’re thinking of buying a leasehold home, we’ll help you understand exactly what it means so you can buy with confidence.
Leasehold ownership is common in apartments and some modern homes.
It’s often a great option for buyers looking for an affordable route into homeownership.
Before you buy, we’ll help you understand the lease agreement, including the length of the lease, service charges and any responsibilities that come with homeownership.
Once your offer has been accepted and the legal process is complete, you’ll own the property for the remaining term of the lease.
You’ll enjoy the same benefits of homeownership while understanding any obligations that come with leasehold living.
Move in and enjoy your new home.
As you own 100% of your home, you can decorate however you like. You may need permission for anything structural, which will be clarified in your lease agreement.
Buying a home is a big milestone. Hear from customers who chose a leasehold home and how Redwing helped make the process straightforward from start to finish.
Browse leasehold homes across Liverpool and the North West or speak to our team to find out more.
Unsure about something to do with affordable home ownership? Check out some of our frequently asked questions below.
A leasehold property is a home that you own for a fixed period of time, as set out in a lease agreement.
Yes. You own the property for th duration of the lease and can sell it or move home in the future, juist as you would with other forms of ownership.
Service charges help cover the cost of services and maintenance. These vary depending on the property.
Lease lengths vary, but your solicitor will advise you on the length of the lease and any implications before you complete your purchase.
No. While leasehold ownership is most commonly associated with apartments, some houses are also sold on a leasehold basis.
That depends on your circumstances, budget and the type of property you’re looking for. Our team can help you understand your options and find a home that’s right for you.
Understanding the leasehold process can sometimes feel like a lot, so our team are available to help you understand the terms of your lease and how to manage your leasehold property. Get in touch with our team if you have any questions.
