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Are you wondering whether to invest in leasehold or freehold properties? In today’s video, we’ll break down the key differences between these two types of property ownership to help you make an informed decision. From the benefits of freehold properties to the potential pitfalls of leasehold investments, we’ve got it all covered. Check out the main points below to gain valuable insights:
🏡 Freehold Property: When you buy a freehold property, you not only purchase the house but also the land it stands on. It’s yours until you decide to sell it, except for potential mortgage-related risks.
🏡 Leasehold Property: With a leasehold property, someone else owns the freehold and the land. You sign a lease for a specific number of years, and it will eventually run out. Understand the costs associated with leasehold, including service charges and ground rent.
🏡 Challenges of Leasehold: Leasehold properties come with additional costs such as service charges, ground rent, and the potential for increasing expenses. Short lease durations can pose difficulties when trying to sell or secure a mortgage.
🏡 Creative Strategies: Discover creative strategies for making money with leasehold properties, such as extending short leases and addressing the EWS1 certificate. Learn how to turn someone else’s problem into a profit-making opportunity in the property market.
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DISCLAIMER: This video is not sponsored, nor is it endorsed, by any third-party affiliates. This is NOT financial advice.
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TIMESTAMPS:
0:00 LEASEHOLD vs FREEHOLD
0:08 What is FREEHOLD?
1:00 What is LEASEHOLD?
2:53 HIDDEN CHARGES in Leases
3:14 Why Short Leases Are DANGEROUS
5:02 How to Turn a PROBLEM into an OPPORTUNITY
5:36 Why Estate Agents Are LYING to You
6:22 Impact of GRENFELL TOWER
6:52 Which is BETTER?
7:20 FREE DOWNLOAD
7:37 Stay Tuned!
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