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Leasehold Property

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  • Leasehold Property

    Hi all,

    I am looking into purchasing an apartment which has the following;

    Price: £159,995 (seems a reasonable price to me?)
    Lease: 72 years
    Rent: £35

    I have never owned a leasehold property before so am a little nervous as to what sort of questions I should be asking of either the Agent, Owner and/or Landlord so if anyone can assist it would be appreciated?

    Also if there are any pitfalls I should be aware of as I am totally confused really.

    All responses would be greatly appreciated.