Avoid
leasehold if you can - consumer champion Which?
Leasehold starts out a little cheaper but unlike freeholders who own the land on which their home is built, leaseholders have to pay annual "ground rent" to the freeholder.
It may spread to other housebuilders who had similar rip-off
leasehold deals.
Looking further at those 38,883 transactions across Huddersfield since 1995 - using data from the Land Registry and the conveyancer My Home Move - as much as 53.40 per cent of properties have been
leasehold, which is significantly higher than the national average of 15 per cent.
The disposed
leasehold premises have a book value of GBP 1.5m.
Sahar Al Ansari -- Senior Executive Director Residential Asset Management, said: "Our
leasehold portfolio offers a rich variety of residential units built to suit the needs of the end-user.
DoubleDragon expects to be able to sell
leasehold rights to some of the thousands of tiangge locators who were displaced by the recent fire at Tutuban and Divisoria Mall buildings.
Mr Wirach Morakotkarn, Acting Chief Executive Officer, KTB Advisory Company Limited, as a Financial Advisor, commented that the
leasehold interest in the landed property and office/shopping centre building of CP Tower II (Fortune Town) will be the fund's most valuable asset, representing 56% of its total asset value, followed by the
leasehold interest in the landed property and office/shopping centre buildings of CP Tower I (Silom) (34%) and CP Tower III (Phayathai) (10%), respectively.
Leasehold mortgagees typically face regulatory requirements for a minimum "cushion" when it comes to the length of the lease term.
Cushman & Wakefield corporate finance partner Matthew Stone, who will lead the Birmingham seminar at Opus restaurant, Cornwall Street, on Tuesday, said
leasehold liabilities were a major issue for firms fighting back from the recession.
Chesapeake plans to continue acquiring
leasehold in the Marcellus Shale play and StatoilHydro will have the right to a 32.5% participation in any such additional
leasehold.