Leasehold property buyers ‘misled by developers’

If you are considering buying a leasehold flat, this is a must-read news article to understand the potential hidden charges. Hidden charges include rapidly increasing ground rents (doubling every 10 years in some cases) & permission fees to make changes to your property (including small changes like painting your door) and excessive maintenance charges. Don’t forget the cost of leasehold extension as the property will be virtually unmortgageable under 60 years of lease remaining.