Leaseholders left in the dark

Couple being shown around by an estate agent © iStock
They won’t be happy once they check the terms

Homeowners who buy leasehold new-build properties are facing unexpectedly high bills when they later try to buy the freehold. Under current rules, a leaseholder has a right to buy out their freehold after two years. However, during this time the original freeholder (often the developer) can still sell it on and is under no obligation to tell the leaseholder before or after this has [...]