The flat that will cost you £69trn a year to rent

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Always check the small print on leasehold terms

Prospective house buyers are being warned about “virtual freehold” agreements that could leave them with astronomical charges and make properties almost unsellable, says Richard Dyson in The Daily Telegraph. Virtual freeholds are leaseholds where the lease term is so long that they are usually considered almost equivalent to owning a freehold. However, buyers are not always fully aware of the potential pitfalls in this type of agreement [...]