Present property law in England and Wales effectively demands that most flats be leasehold, so the question is should you buy a leasehold property?
Currently, leasehold flats are usually preferable to other forms of freehold flats where similar rights and obligations as found in a leasehold may not exist and enforceability between flat owners can become difficult as there is no separate landlord.
Should you be considering buying a flat, then a leasehold ought not to be a concern as long as you know and appreciate your rights and obligations.
Given that you have a well-written lease as well as a properly managed building, a leasehold flat ought to provide a perfectly good home for occupants, as well as being a secure investment.
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