Some people don’t realise that selling a flat can be very different to selling a house. The main reason for the difference is that you don’t own the whole property and the land it sits on. Most flat owners in the UK are likely to have a freeholder that they pay ground rent and a service charge to. As a result, you own the flat on a ‘leasehold’ basis only, meaning that when selling there is a lot more that your legal company and the buyer’s legal company have to do to properly transfer ownership.
There are five key differences between selling a house and a flat. Read on to find out what these key differences are .....
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About Me
- Kate Faulkner
- United Kingdom
- Kate has been renovating old properties for 20 years and spent the last 10 years as a business development consultant to all sectors of the property industry. Due to her unique consumer and industry insights, the consumer organisation Which? asked Kate to write a series of books on property including Buy, Sell, Move House, Renting and Letting, Develop your Property and the Property Investment Handbook. Kate is now recognised as one of the leading, independent property experts in the UK and regularly features in the national press including The Telegraph, The Independent, The Times, The Daily Mail and The Express. She is regularly interviewed on local BBC Radio stations on property issues and has appeared on Sky's Women in Property, ITV West and as a property expert on site such as Video Jug.
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