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What’s wrong with buying a leasehold property? Photograph: David Sillitoe/The Guardian
What’s wrong with buying a leasehold property? Photograph: David Sillitoe/The Guardian

I want to buy a flat that’s perfect except for one thing – it’s leasehold

This article is more than 8 years old

My parents have always warned against buying a leasehold property but I don’t know why. Should I go ahead?

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

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