▲ 1 r/HousingUK
FTB. Looking at a property to buy, it’s a top floor flat above a shop. The description says its leasehold, but the agent emailed me with an update stating the following: “The buyer of this property will be granted a 999 year lease at a peppercorn rent with no service charges or ground rent, this will be dated on the date of completion”
What does this mean? Is there a secret meaning to this? As mentioned we are first time buyers and may be missing something here that would considered a red flag? Thanks a lot!
Update: spelling
u/GoneSuspicious — 14 days ago