When is a ‘Freehold’ not worth the paper it’s written on
When is a ‘Freehold’ effectively not worth the paper it’s written on and is more like a leasehold?
By Charles Kelly, Property Solutions Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast
Buyers of new build houses may be shocked to find that their freehold contains up to a dozen restrictive covenants, including what they can do to their own house.
Word of the Day
Covenant
A legally binding agreement to pay a sum of money on agreed dates to a company or charity.
Other articles at www.moneytipsdaily.com
UK economy is slowing down and could go into recession says new report
House Price Growth Slowest Since 2012, Say ONS
3 Myths of Property Investment
Creative Finance Tools for Owning or Controlling Property
10 tips to survive and thrive in the recession – https://podcasts.apple.com/gb/podcast/money-tips-daily-by-charles-kelly-former-ifa-and-author-of/id1347175960?i=1000444007011
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
